Intel living on a prayer divine intervention needed

Former Intel chief Pat [kicking] Gelsinger, who stepped down from his leadership post a week ago, appears to have had a religious awakening. He is calling on people to join him in prayer and fasting for the struggling chipmaker's employees.

Pat Gelsinger speaks out on yield rate rumours

Intel's now "retired" CEO Pat [kicking] Gelsinger took time out from his busy schedule gardening, making homemade jam and other retirement activities, to defend Intel Foundry's 18A yield rate claims.

Gelsinger failed to turn Chipzilla around fast enough

Pat [kicking] Gelsinger was retiring from Chipzilla retirement and stepped down from the board of directors -- effective immediately.

Welcome’s AMD and Intel cooperation

Like a leather-jacketed balloon waiting to burst, Nvidia CEO Jensen Huang has warned that x86’s architecture is in danger of fragmentation, and he welcomes AMD and Intel working closer together to prevent this.

Chipzilla loses its Tan

A sudden resignation of a high-profile Intel board member has raised eyebrows after rumours of clashes with CEO Pat Gelsinger and other directors over what the director saw as the company's bloated workforce, risk-averse culture, and lacklustre artificial intelligence strategy.

Things will get worse before getting better

Chipzilla's woes have been there for everyone to see. Disappointing revenue and a bleak earnings forecast have forced Intel to announce a drastic plan: slashing 15,000 jobs, cutting $10 billion in costs by 2025, and suspending the quarterly dividend. CEO Pat [kicking] Gelsinger highlighted the stark reality in a company memo: sales were $24 billion higher in 2020 than last year, yet headcount is 10 per cent higher now.

Takes a big hit, announces cost-reduction plan, shares take a tumble

Intel has announced its second-quarter 2024 financial results, reporting a revenue of $12.8 billion, 38.7 percent gross margin, and EPS of $0.02. In the words of Pat Gelsinger, Intel CEO, these are disappointing quarter results, despite the fact that the company has "hit key product and process technology milestones."

Thousands of jobs to go

Chipzilla plans to cut thousands of jobs to finance a recovery and cope with eroding market share.

Gelsinger tries to put a silver lining into disappointing results

Despite Intel's disappointing results, the company used the announcement to reveal some of its chip plans.

Gelsinger’s plan is not making money fast enough

Intel’s stock dropped approximately nine per cent within an hour after its first-quarter results and guidance was released on 25 April, following the close of regular trading on Thursday.