Posted on 04/23/2025 4:36:13 AM PDT by Kid Shelleen
Intel is preparing to unveil plans to prune more than 20% of its workforce, a move that the storied chipmaker believes would reduce bureaucracy, according to a report by Bloomberg News, citing a person with knowledge of the matter.
According to the report, the significant job cuts are a part of Intel’s plan to streamline management and rebuild an engineering-driven culture. This move would be the first major organisational restructuring under the newly appointed CEO, Lip-Bu Tan.
(Excerpt) Read more at fortuneindia.com ...
Cutting out the dead wood.
It’s good for corporations but not for governments?................
yeah that will be a big plus for intel.
Ah they do this s every decade or so we’ll see who they actually cut
How many American citizens does this foreign born CEO plan to fire and who is he going to be replacing them with, H-1B alien colonizers? Anyone else feel colonized and marginalized yet?
Lip-Bu Tan (Chinese: 陈立武; pinyin: Chén Lìwǔ; Pe̍h-ōe-jī: Tân Li̍p-Bú; born November 12, 1959) is a Malaysian-born American business executive and entrepreneur. As of 18 March 2025, he is the chief executive officer of Intel Corporatio
A long-overdue change. I don’t have the stats to support it, but I feel like they’ve been on cruise control since the Dalit lawsuit a few years ago.
I’m betting Intel’s coming back...
Intel CEO invested in hundreds of Chinese companies, some with military ties
Reuters ^ | April 10, 2025 | Eduardo Baptista, Stephen Nellis, Max A. Cherney
Posted on 4/10/2025, 10:10:20 PM by anthropocene_x
Lip-Bu Tan, the man chosen to lead Intel, the U.S.’s largest chip maker, has invested in hundreds of Chinese tech firms, including at least eight with links to the People’s Liberation Army, according to a Reuters review of Chinese and U.S. corporate filings.
The appointment last month of Tan, one of Silicon Valley’s longest-running investors in Chinese tech, as CEO of a company that manufactures cutting-edge chips for the U.S. Department of Defense raised questions among some investors
Reuters’ review found that Tan controls more than 40 Chinese companies and funds as well as minority stakes in over 600 via investment firms he manages or owns. In many instances, he shares minority stake ownership with Chinese government entities.
Tan invested at least $200 million in hundreds of Chinese advanced manufacturing and chip firms between March 2012 and December 2024, including in contractors and suppliers for the People’s Liberation Army, according to a review of Chinese corporate databases cross-referenced with U.S. and analyst lists of companies with connections to the Chinese military.
(Excerpt) Read more at reuters.com ...
great. now do Tandy/Radio Shack!
and TI Texas Instruments
The appointment Lip-Bu Tan, one of Silicon Valley’s longest-running investors in Chinese tech, as CEO of a company that manufactures cutting-edge chips for the US Dept of Defense raised questions among some investors.
Lip-Bu Tan, the man chosen to lead Intel, the U.S.’s largest chip maker, has invested in hundreds of Chinese tech firms, including at least eight with links to the People’s Liberation Army, according to a Reuters review of Chinese and U.S. corporate filings.
Reuters found:
<><>Intel chief Tan controls more than 40 Chinese companies
<><>and funds minority stakes in over 600 via investment firms he manages or owns.
<><>In many instances, Tan shares minority stake ownership with Chinese govt entities.
<><>Tan invested at least $200M in hundreds of Chinese advanced chip firm mfgs
<><>including contractors and suppliers for the People’s Liberation Army,
<><>a review of Chinese corporate databases cross-referenced with US and analyst
<><>found lists of companies with connections to the Chinese military.
<><>(Excerpt) Read more at reuters.com ...
I think I found part of Intel’s problem:
https://download.intel.com/newsroom/kits/diversity/pdfs/Intel_LGBTQ_Initiative_backgrounder.pdf
Bleed the democrat traitors out!
My BIL took their early retirement package several months ago because they had some young guys with families on his team. He used to get a paid, 3 month sabbatical every 7 years (I think) where your access is revoked. He was told if he dreaded coming back after it, he should move on. Novel approach but expensive as a lot of them didn’t come back afterwards.
Intel, are you going to keep those H-1B slaves and fire US citizens instead? Inquiring minds want to know.
I’ve been gone from Intel for about 10 years but when I was there the brown-nosers, and worthless people had been there for a decade or more, and I’d bet they somehow miraculously survive the purge. They’ll whack the older engineers and hire a boat load of new college grads from India. Because of the inherent DEI in HR, what NEEDS to be done won’t be.
The big problem at Intel was the ONLY way to get a promotion was to move into management.
The end result is they have been management heavy for 30 years.
Probably too late to fix the real problem.
Failure to listen to customers.
This is where they lost Apple.
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