Intel slashes jobs, halts projects amid struggles to compete with Nvidia

AP- PTI • August 9, 2025

Intel will slash 31% of its workforce and cancel projects in Europe and the U.S. as new CEO Lip-Bu Tan tries to revive the chipmaker amid Nvidia’s AI dominance.

Intel Corp. is shedding thousands of workers and cutting expenses as its new CEO works to revive the fortunes of the struggling chipmaker that helped launch Silicon Valley but has fallen behind rival… [+1486 chars]

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Intel slashes jobs, halts projects amid struggles to compete with Nvidia

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