Intel

Intel

Semiconductors Technology Santa Clara, CA, United States INTC (NMS)

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Intel Products, Intel Foundry, and All Other segments. The company offers microprocessor and chipset, stand-alone SoC, and multichip package; Computer Systems and Devices; hardware products comprising CPUs, graphics processing units (GPUs), accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products. It also offers silicon and software products; and optimization solutions for workloads, such as AI, cryptography, security, storage, networking, and leverages various features supporting diverse compute environments. In addition, the company provides driving assistance and self-driving solutions; advanced process technologies enabled by an ecosystem of electronic design automation tools, intellectual property, and design services, as well as systems of chips, including advanced packaging technologies, software, and system. Further, it delivers and deploys intelligent edge platforms that allow developers to achieve agility and drive automation using AI for efficient operations with data integrity, as well as provides hardware and software platforms, tools, and ecosystem partnerships for digital transformation from the cloud to edge. The company serves original equipment manufacturers, original design manufacturers, cloud service providers, and other manufacturers and service providers. Intel Corporation was incorporated in 1968 and is headquartered in Santa Clara, California.

Stock Performance (90 Days)

Data through Nov 14, 2025
Price updates on page refresh. Intraday quotes available during market hours (9:30 AM - 4:00 PM EST).

Layoff History

669 (5 sources) employees (3.7%)
Nov 14, 2025
5 sources
Reason
Intel's layoff of 669 employees in Oregon is part of ongoing strategic efforts to become a 'leaner, faster, and more efficient company,' aimed at strengthening long-term success and supporting future growth. This round is a continuation of earlier cuts in 2025, bringing the total Oregon job losses for the year to over 3,000. The reductions are primarily driven by significant manufacturing setbacks, intense competition from rivals like Nvidia and AMD, and a broader cost-reduction initiative. Intel reported a nearly $19 billion loss in fiscal year 2024, highlighting financial pressures. The restructuring aligns with new CEO Lip-Bu Tan's strategy to reduce 'organizational complexity' and regain ground in the global chip race, particularly after falling behind in advanced process technology and missing out on the booming AI chip market. The company is also suspending its stock dividend to preserve capital for investment in technology and research and development.
Affected Departments
Factory TechniciansManufacturing TechniciansModule Development EngineersEngineersProject ManagersResearch RolesHigh-tech Manufacturing TechniciansData ScientistsSoftware EngineersProduct DevelopersBack Office Staff
Affected Locations
Washington CountyOregonHillsboroOregonAlohaOregonGordon Moore Park CampusJones Farm CampusRonler Acres CampusHawthorn Farm Campus
Source: Intel layoffs continue in Washington County with hundreds of jobs cut View Source →
20,000–25,000 (5 sources) employees (24.0%)
Oct 15, 2025 – Nov 4, 2025
Reported values: 20,000, 24,000
5 sources
Reason
Intel initiated a comprehensive strategic restructuring and efficiency drive to regain its competitive edge in the semiconductor industry, particularly amid intensifying competition from rivals like Nvidia in the AI market. This involved significant cost-cutting measures, a focus on AI chip production and factory streamlining, and a commitment to becoming a more financially disciplined foundry. Key actions included halting major planned factory projects in Germany and Poland, decommissioning and gradually closing the assembly and test operations in Costa Rica while consolidating them to larger facilities in Vietnam and Malaysia, and slowing the pace of construction for a new plant in Ohio. The restructuring also aimed to optimize the global production network, improve return on invested capital, and strengthen the core product portfolio by focusing resources on high-return projects and advancing the artificial intelligence roadmap. The company also streamlined management layers and reduced its R&D budget by axing multiple projects and initiatives.
Affected Departments
Intel Foundry divisionManagementResearch and Development (R&D)EngineeringTechnicians (support roles)Network and Edge Group (Nex - spun off)
Affected Locations
GermanyPolandCosta RicaIreland (Co Kildare)OhioUSOregonUS
Source: Vertex AI Search (citing Challenger data) View Source →

Disclaimer

Data aggregated from public sources including WARN notices, SEC filings, press releases, and market data. While we strive for accuracy, information is provided "as-is" for informational purposes only. Always verify critical information with official company sources.

This information does not constitute investment, financial, legal, or career advice. See our Terms of Service, Privacy Policy, and About page for more information.

Found an error? Report it here.