Friday, 11 July, 2025
Intel CEO Lip‑Bu Tan Warns Staff “Customers Are Giving Failing Grades” Amid Top‑10 Collapse
Intel CEO Lip-Bu Tan has acknowledged the company's decline in the semiconductor industry, stating that Intel is no longer among the top 10 semiconductor companies. He emphasized the importance of the upcoming 18A manufacturing process and a shift towards edge AI applications as crucial steps in Intel's turnaround, which he described as a "marathon." Tan's comments come as Intel begins implementing significant layoffs worldwide, including 529 jobs in Oregon alone .
Read full story at Economic Times