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Intel Cuts Over 18,000 Jobs Following Troubling Quarterly Earnings Report

IT Toolbox

Intel has announced the slashing of 18,000 jobs and other cost-cutting measures, including reduced capex and the suspension of dividends. The post Intel Cuts Over 18,000 Jobs Following Troubling Quarterly Earnings Report appeared first on Spiceworks Inc.

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At Its Innovation 2023 Event, Intel Is Focused On AI Developers

Forrester IT

I attended the first day of the Intel Innovation 2023 developer’s conference to see how this venerable Silicon Valley giant was responding to AI and competitive pressure. Intel hopes that AI […] What I found was a comeback story in progress, wrapped in a very heavy dose of AI, led by its dynamic CEO Pat Gelsinger.

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Intel May Be Planning Major Job Cuts to Reduce Costs

IT Toolbox

Intel Corp. The move will likely come as Intel struggles with falling revenues and earnings. The post Intel May Be Planning Major Job Cuts to Reduce Costs appeared first on Spiceworks Inc. reportedly plans to lay off thousands of workers to reduce expenditures.

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Intel strikes foundry deal with AWS

Network World

In a very big win for its foundry business, Intel announced it has signed a multi-year, multi-billion-dollar deal with AWS to co-develop an “AI fabric chip” using Intel’s 18A chip fabrication process. Intel also agreed to produce a custom Xeon 6 processor for AWS as part of an existing deal between the two firms.

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IT Pros Prefer PCmover Enterprise Over Microsoft's USMT

Subsequently, Microsoft & Intel recommend PCmover as an alternative for PC migrations and OS refreshes. As the only PC migration tool recommended by Microsoft and Intel, PCmover is known to save organizations both time and money — more than $300 per PC, according to industry research.

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Intel Plans Israel’s Largest Investment With $25 Billion Chip Plant

IT Toolbox

Intel has pledged to source $16.5 The post Intel Plans Israel’s Largest Investment With $25 Billion Chip Plant appeared first on Spiceworks. Billion worth of goods and services from local supplies in the coming decade.

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Prodigal Son Gelsinger Returns As Intel CEO

Forrester IT

Early today, Intel announced CEO Bob Swan will be replaced by VMware CEO Pat Gelsinger. Facing stronger competitive challenges, Intel has struggled. As you can see, Intel’s stock (INTC) has languished while its peers grew exceptionally well. In the past 12 months, INTC stock lost 5.3%

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