Tag: Intel

  • Trump Demands Resignation of Intel CEO Lip-Bu Tan

    Trump Demands Resignation of Intel CEO Lip-Bu Tan

    Key Takeaways

    1. Intel is struggling with low yields on its 18A process, impacting profitability for Panther Lake CPUs.
    2. President Trump called for the resignation of Intel CEO Lip-Bu Tan, citing conflicts of interest.
    3. Senator Tom Cotton raised concerns about Tan’s connections to Chinese companies and is awaiting Intel’s response.
    4. If Tan resigns, he would be the second CEO to leave Intel within a year, following Pat Gelsinger’s exit.
    5. Intel may benefit from potential financial relief from TSMC due to lower tariffs, though this deal is not yet confirmed.

    Intel’s ongoing troubles appear to be worsening every day. A previous report from Reuters indicated that the company is still facing challenges with its 18A yields, leading to poor profitability for Panther Lake CPUs. Recently, President Donald Trump intensified the situation with a new post on Truth Social, stating:

    The INTEL CEO is deeply CONFLICTED and must resign, immediately. There is no other way to fix this issue. Thank you for your attention to this matter!

    Concerns from Lawmakers

    This comes shortly after US Senator Tom Cotton raised alarms about Intel CEO Lip-Bu Tan’s suspected ties to China. Senator Cotton claims Mr. Tan “controls dozens of Chinese companies and has interests in hundreds of Chinese advanced-manufacturing and chip firms,” and he has requested a response from Intel by August 15. As of now, Intel has not released an official comment regarding this issue, but one is anticipated soon, especially with the deadline approaching.

    Potential Changes at Intel

    If Lip-Bu Tan were to resign or be removed, he would be the second CEO to leave Intel within a year, following Pat Gelsinger’s departure in December 2024. However, not everything is bleak. Intel might receive a much-needed financial boost from TSMC due to lower tariffs. Yet, this deal has yet to be finalized or confirmed by either side. Additionally, there are whispers about possible candidates interested in acquiring Intel, but these rumors seem to be mostly speculation and should be taken lightly until more information comes to light.

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    Trump Demands Resignation of Intel CEO Lip-Bu Tan

     

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  • TSMC to Double 2nm Arizona Foundry Investment, Not Buying Intel

    TSMC to Double 2nm Arizona Foundry Investment, Not Buying Intel

    Key Takeaways

    1. TSMC’s investment in Arizona has increased from $165 billion to a potential $300 billion due to tariff concerns.
    2. Discussions about TSMC acquiring Intel occurred, but the US decided against pushing for this buyout.
    3. The initial $165 billion investment covers only 7% of the chip demand from US companies like Apple.
    4. A 20% tariff on semiconductors from Taiwanese foundries is expected to be announced soon, prompting TSMC’s increased investment.
    5. TSMC aims to produce at least 30% of its global 2nm manufacturing in Arizona and is not moving forward with the Intel acquisition.

    After the announcement that the tariffs imposed by the Trump administration on chip imports might put TSMC’s $165 billion investment in a 2nm/3nm process foundry in Arizona at risk, the company appears to be facing an even bigger financial commitment.

    Increased Investment Amount

    Trump has stated that TSMC’s investment in the US will now be no less than $300 billion, which is nearly two times what they had previously promised. However, this amount still falls short of a rumored Intel buyout that US officials purportedly wanted TSMC to pursue.

    Industry Insights

    Ming-Chi Kuo, a well-known analyst from Taiwan who accurately forecasted the A18 Pro chipset for the iPhone 16 Pro Max, has confirmed that discussions about TSMC acquiring Intel did take place. Nevertheless, the US decided not to push forward with this request after understanding the real challenges Intel is facing.

    Instead, it seems that TSMC will now need to invest around $300 billion into its production facilities in Arizona. So far, the company has announced investments totaling $165 billion, which, according to Treasury Secretary Scott Bessent, would only cover about 7% of the modern chips that US companies like Apple actually require.

    Future Expectations

    This percentage is expected to increase substantially if TSMC truly commits $300 billion to direct investments in the US, as a strategy to avoid a 20% tariff on semiconductors produced in its Taiwanese foundries. This tariff is anticipated to be announced next week. If the White House had indeed required TSMC to acquire Intel along with this investment, the chipmaker would face a staggering $565 billion commitment in the US, which seems rather improbable.

    According to Kuo, given Trump’s usual approach, the most likely scenario is that TSMC will negotiate to lower the initial high demands for tariffs and investments set at the beginning of discussions.

    Nonetheless, TSMC has ambitious plans for Arizona, aiming to produce at least 30% of its global 2nm manufacturing there and plans to create even more advanced nodes in the future. It is important to note that TSMC is not going forward with buying Intel, even though the foundry plays a significant role in US trade talks with Taiwan.

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  • US Pressures TSMC to Acquire 49% of Intel for Tariff Relief

    US Pressures TSMC to Acquire 49% of Intel for Tariff Relief

    Key Takeaways

    1. The US government, under President Trump, has used trade tariffs inconsistently to address the trade deficit, significantly impacting Taiwan as a trading partner.

    2. Taiwan faces a 20% tariff on exports to the US, higher than Japan’s 15%, prompting negotiations for potential tariff reductions.

    3. TSMC is under pressure from Trump to meet two strict conditions for tariff relief, which includes a substantial financial investment and a stake in Intel.

    4. Intel is struggling financially, with a 33% revenue drop from 2021 to 2024, raising concerns about its ability to meet the US’s semiconductor manufacturing goals.

    5. TSMC’s potential reluctance to comply with US demands regarding Intel could affect the future of both companies and the US chip supply chain.

    The US government, under President Donald Trump, has primarily utilized trade tariffs to tackle the nation’s trade deficit with its partners. However, this tariff strategy has been inconsistent and often unexpected. Taiwan, a significant trading ally of the US, has also felt the impact of these tariffs.

    Tariff Rates and Their Implications

    With tariffs set at 20%, Taiwan faces a higher rate than nations like Japan, which has a baseline of 15%. Unsurprisingly, this 20% tax on Taiwanese exports to the US can severely impact Taiwanese companies. Therefore, Taiwan is negotiating with the US to lower these tariffs or potentially remove them completely. Nevertheless, a recent report from Taiwan indicates that President Trump has laid down two tough conditions for any tariff relief.

    According to mnews.tw, an industry insider revealed that Trump has required TSMC to meet these two strict conditions in exchange for tariff reductions. Ignoring the implications of TSMC owning 49% of Intel, these requirements are significant financial obligations. TSMC is already pouring a considerable amount into the US, with one of its fabrication plants expected to begin volume production by 2024. The company is also in the process of constructing two additional fabs in Arizona, along with an R&D center and a packaging facility. In total, TSMC has committed to investing $165 billion in the US.

    Financial Challenges Ahead

    Trump’s supposed requirement for TSMC to invest an additional $400 billion in the US while acquiring a share in Intel appears unrealistic from a financial perspective. Intel is experiencing a downward trend. All its sectors, from fabrication to consumer goods, are facing challenges. This decline is reflected in its reported annual revenue, which has dropped dramatically from $79 billion in 2021 to $53 billion in 2024, marking a 33% decrease.

    Intel plays a crucial role in the US strategy for domestic semiconductor manufacturing. The company has already secured billions in federal funding. However, this financial aid hasn’t resolved Intel’s issues, as the timeline for its Ohio fab has been pushed back from 2025 to between 2030 and 2031. This delay appears to be tied to Intel’s attempts to conserve capital in light of insufficient support from the US CHIPS Act and external partners.

    The Future of TSMC and Intel

    In summary, it seems that the US administration is pressuring TSMC to take a significant stake in Intel to provide much-needed capital and sustain the US’s domestic chip supply chain ambitions. However, TSMC might not agree to this condition.

    It will be interesting to watch Intel in the next few months. There are some promising products in development, like the Panther Lake and Nova Lake CPUs. If these products perform well, it could lead to improvements for Team Blue.

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  • Intel Panther Lake: Revolutionizing Handheld Gaming Experience

    Intel Panther Lake: Revolutionizing Handheld Gaming Experience

    Key Takeaways

    1. Panther Lake is Intel’s first mobile CPU using the 18A manufacturing process, aimed at competing with TSMC’s advanced 2nm technology.
    2. The Panther Lake chips may feature 12 Xe3 graphics cores, a 50% increase compared to the Lunar Lake series, promising enhanced graphics performance.
    3. The improved integrated GPU (iGPU) is expected to greatly enhance gaming experiences, particularly for handheld devices.
    4. Panther Lake is anticipated to support AI upscaling, potentially providing superior gaming performance compared to current handhelds.
    5. The release of Panther Lake is expected in late 2025, with potential delays pushing notebook launches to 2026.

    Panther Lake is the upcoming mobile CPU from Intel, marking a significant step as the first chip utilizing the company’s 18A manufacturing process. This development is crucial for Intel, as it aims to demonstrate its competitiveness against TSMC, which is known for its advanced 2nm processes. Although real-world performance metrics are not yet available, recent leaks suggest that the improved integrated GPU (iGPU) in the Panther Lake chips could greatly enhance graphics capabilities, making them ideal for gaming handhelds.

    Leaked Information

    The details come from a supposed shipping manifest shared by the user X86 is dead&back on X. According to the document, some Panther Lake chips are equipped with 12 Xe3 graphics cores. In contrast, the Lunar Lake series only has eight Xe2 cores. This means that Panther Lake offers a 50% increase in cores, and since Xe3 cores are enhancements over the Xe2, each core is expected to deliver better performance.

    Gaming Potential

    If properly integrated into handheld devices, this could result in remarkable gaming experiences. Additionally, at Computex 2025, Intel showcased its Panther Lake chips, demonstrating their ability to render graphics in real-time and run AI applications. This suggests that the iGPU may have support for AI upscaling, a feature that appears to be exclusive to the Panther Lake series for now. A handheld powered by a Panther Lake chip with a robust iGPU and AI-upscaling capabilities could theoretically achieve gaming performance that surpasses what current generation handhelds can provide.

    Panther Lake is expected to be released in the latter half of 2025. However, earlier reports indicated that the launch of Panther Lake notebooks has been pushed to 2026 due to delays in mass production, moving from early September 2025 to mid-Q4 2025. Nevertheless, this still aligns with Intel’s original timeline for production in the second half of 2025.

    Conclusion

    The information comes from the NBD database, as noted by the user X86 is dead&back on X, and was also referenced by Tom’s Hardware.

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  • Arrow Lake Refresh: More Disappointing Than Anticipated

    Arrow Lake Refresh: More Disappointing Than Anticipated

    Key Takeaways

    1. Intel’s new CEO, Lip-Bu Tan, is implementing operational changes to improve the company’s performance.
    2. The Arrow Lake Refresh CPUs are expected to have quicker clock speeds but will continue using the outdated NPU 3, rather than upgrading to NPU 4.
    3. The updates for the Arrow Lake Refresh are minor, with no changes to core counts and only specific SKUs (‘K’ and ‘KF’) expected to receive enhancements.
    4. Intel will not introduce a new series name for the Arrow Lake Refresh; it will remain within the Core Ultra 200 series.
    5. The exact increase in clock speeds for the refreshed CPUs is unclear, with the launch expected in the latter half of the year.

    Intel has been facing challenges for some time, but new CEO Lip-Bu Tan is making efforts to improve the situation. Significant changes in operations have occurred since his leadership began, impacting future product launches. The company plans to update its Arrow Lake range of CPUs, but if the latest leaks are correct, the upgrades may be less significant than what was initially anticipated.

    Upcoming Changes

    A report from early July indicated that the Arrow Lake Refresh CPUs would feature quicker clock speeds and an updated NPU. The Arrow Lake chips, which include the Core Ultra 200S desktop CPUs, currently utilize NPU 3—an older version that debuted with Meteor Lake chips in late 2023. This particular NPU has a performance capability of just 11.5 TOPS, which makes it ineligible for Copilot+ certification. The report suggested that the Arrow Lake Refresh would introduce NPU 4, similar to the Lunar Lake chips, which can achieve 48 TOPS. However, it seems that Intel will continue using NPU 3 for the refresh instead.

    Leaker Insights

    Known leaker Jaykihn has been providing updates about the Arrow Lake Refresh for some time. In his most recent post, responding to one of his earlier insights, he claims neither the desktop nor the high-end laptop CPU SKUs will see any changes to the NPU. This implies that the new CPUs will merely receive a boost in clock speeds, resulting in yet another minor update. It also indicates that the core counts will likely stay the same.

    Naming and Specifications

    Regarding naming conventions, Intel is not expected to introduce a new series for the Arrow Lake Refresh, meaning it will still fall under the Core Ultra 200 series. Additionally, it’s disappointing that not all SKUs in the lineup will be updated; only the ‘K’ and ‘KF’ SKUs are anticipated to receive the special enhancements.

    The exact increase in clock speeds remains uncertain. For context, the flagship Arrow Lake processor, Core Ultra 9 285K, has a boost clock of 5.5 GHz, which is lower than that of the 14th Gen Core i7 and Core i9 processors. Nonetheless, Intel is projected to unveil the refreshed lineup sometime in the latter half of this year, although a specific date has yet to be confirmed.

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  • Intel Titan Lake 2028: No More P-Cores, All-E-Core Design

    Intel Titan Lake 2028: No More P-Cores, All-E-Core Design

    Key Takeaways

    1. Intel plans to launch the Titan Lake series in 2028, featuring an impressive 100-core design focused on a single-core architecture based entirely on E-cores.

    2. The Razer Lake series, arriving in 2027, will be the last to use a mixed architecture of P-cores and E-cores, leading to a shift in Intel’s core design philosophy.

    3. Titan Lake’s all-E-core setup may include variations like dense 4C clusters and 2C clusters, optimizing performance-per-area (PPA) and performance-per-Watt (PPW).

    4. Nova Lake is expected to have a mixed core setup with 52 cores, while Titan Lake could potentially consist of two 48-core clusters and four low-power E-cores (LPE).

    5. The trend in the CPU/SoC market is shifting towards unified core designs, as seen with competitors like AMD and Qualcomm, which could influence Intel’s future architectures.

    Rumors about Intel’s future Nova Lake and Panther Lake architectures have started to emerge, and new information regarding the company’s plans for 2028 is also coming to light.

    Titan Lake’s Exciting Features

    If the whispers are correct, Intel is set to launch the Titan Lake series in 2028 featuring an astonishing…100 cores! Yes, you heard that right—one hundred cores! Unlike the current designs that use both P-cores and E-cores, Intel seems to be shifting towards a single-core architecture for this new lineup.

    This scoop comes from @Silicon_fly on X, referencing a leaked roadmap found on Zhihu.com that outlines Intel’s processor plans through 2028. The roadmap indicates that Razer Lake, arriving in 2027, will be the last to utilize the mixed P-core and E-core setup. Razer Lake will include Griffin Cove P-cores and Golden Eagle E-cores, serving as a small upgrade to Nova Lake, which is expected to launch next year.

    A New Direction for Core Design

    With the Titan Lake series, Intel appears to be moving towards an all-unified core design. Interestingly, the new cores will not include P-cores; rather, they will be entirely based on E-cores, likely evolved from the larger Arctic Wolf E-cores found in Nova Lake. This change could lead to improved performance-per-area (PPA) and performance-per-Watt (PPW).

    Any increase in die size and power consumption from using Arctic Wolf E-cores can be balanced out by enhanced PPA achieved through switching to a 14A process, without significantly raising the thermal design power (TDP). However, the new unified E-cores would still be more compact than the Coyote Cove and Griffin Cove P-cores used in Nova Lake and Razer Lake, respectively.

    Potential Variations in Core Clusters

    Although a unified core suggests an all-E-core setup, there could still be some differences within the architecture. @Silicon_fly theorizes that Intel might implement a mix of dense 4C clusters with shared L2 caches and 2C clusters that either share or have dedicated L2/L3 caches. Additionally, Titan Lake might incorporate a specialized core aimed at enhancing single-core performance.

    Given that Nova Lake is projected to have a 52-core setup featuring 16 P-cores, 32 E-cores, and 4 low-power E-cores (LPE), if Titan Lake truly abandons the large P-cores, it’s conceivable to see a 100-core design consisting of two 48-core clusters along with four LPE cores.

    All this remains speculative, of course, and there are still several generations to go before Titan Lake becomes a reality, so it’s wise to take this information lightly for now.

    Still, the details align with the current trends we observe in the CPU/SoC market. AMD has already adopted a mix of Zen 5 classic and Zen 5c compact cores in its Ryzen Strix Point APUs. MediaTek has shifted to an all-big core design, starting with the Dimensity 8400, which features a 1+3+4 configuration without efficiency cores. The flagship Dimensity 9400 SoC also utilizes a big core cluster in a similar fashion.

    Furthermore, Qualcomm has opted for a 2 Prime + 6 Performance all-Oryon architecture for its Snapdragon 8 Elite. It remains uncertain what Apple has planned for its upcoming A and M series chips, but the industry seems to be leaning more towards unified core clusters designed for various tasks rather than mixed architectures.

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    Intel Titan Lake 2028: No More P-Cores, All-E-Core Design
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  • Intel to Cut 2,392 Jobs in Oregon by Mid-July for Cost Savings

    Intel to Cut 2,392 Jobs in Oregon by Mid-July for Cost Savings

    Key Takeaways

    – Intel plans to cut 2,392 jobs in Oregon, significantly higher than the previously announced 500 layoffs, as part of a cost-reduction strategy under CEO Lip-Bu Tan.
    – The job losses will negatively affect Oregon’s economy, where Intel is the largest employer, potentially impacting local businesses and income-tax revenue.
    – Intel is struggling to compete in the semiconductor market, trailing behind TSMC and missing opportunities in key areas like AI training chips.
    – The layoffs will impact all levels within the company, particularly in Intel Foundry, with significant cuts to technicians and process engineers, and the disbanding of the automotive division.
    – Laid-off employees will receive severance pay and healthcare benefits, but Intel’s future operations in Oregon remain uncertain despite ongoing tax incentives.

    Intel has informed Oregon officials that it plans to cut 2,392 jobs in the state by mid-July, a significant increase from the earlier figure of just over 500 layoffs. This decision is part of a larger effort to reduce costs under the new CEO, Lip-Bu Tan, who is reacting to decreased sales and ongoing manufacturing problems.

    Economic Impact on Oregon

    Oregon is home to Intel’s largest facility globally, employing around 20,000 people. The semiconductor industry in the state typically pays an average salary of nearly $180,000 per year. Consequently, such job losses are likely to have a negative effect on local businesses and decrease income-tax revenue. State economist Carl Riccadonna has already cautioned lawmakers about a weakening job market.

    Competitive Struggles

    Intel’s current difficulties can be traced back almost a decade, when delays in its technology allowed TSMC to take the lead. Competitors like AMD, Nvidia, and Apple now depend on TSMC’s advanced technology, while Intel fights to reclaim its position and is mostly missing out on thriving markets like AI training chips. “In terms of training, I fear it may be too late for us,” Tan mentioned to employees, noting that Nvidia’s hold is “too strong.”

    Specific Job Reductions

    The workforce cuts affect every level within the company, but they are particularly severe in Intel Foundry, which focuses on manufacturing and research and development. About one in five positions in this area will be eliminated. Many of the layoffs will impact technicians and process engineers, though around eight percent of those let go hold management roles. In addition to manufacturing cuts, Intel has disbanded its automotive division and shifted most marketing responsibilities to Accenture.

    Laid-off employees will receive 13 weeks of their base salary plus an additional 1.5 weeks for each year they have worked, along with a year’s worth of healthcare benefits. Even though Intel still benefits from over $300 million in annual tax incentives from Oregon, its reduced revenues and changing priorities make the future scale of its operations in the Pacific Northwest uncertain.

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  • Intel Arrow Lake Refresh CPUs: Faster Clock Speeds for Desktops

    Intel Arrow Lake Refresh CPUs: Faster Clock Speeds for Desktops

    Key Takeaways

    1. Launch Timeline: Intel’s Arrow Lake Refresh CPUs are expected to be released in the second half of 2025.

    2. Performance Improvements: The new CPUs will feature higher clock speeds and will include NPU 4, though specific clock speed details are not yet available.

    3. Comparison to Previous Generations: The flagship Core Ultra 9 285K has a boost clock of 5.5 GHz, which needs to increase by over 8% to match the performance of the 14th-gen Core i9-14900K.

    4. NPU Integration: The Arrow Lake Refresh will incorporate NPU 4, which has seen limited practical applications on Windows, raising questions about its utility in desktop CPUs.

    5. Gaming Landscape: The second half of 2025 is shaping up to be exciting for gamers, with new Intel CPUs and anticipated launches of desktop GPUs from AMD and Nvidia.

    While Intel is gearing up to introduce Nova Lake as the next significant CPU architecture for desktops, the company is also working on the Arrow Lake Refresh chips. Similar to previous updates, the Core Ultra 200 Arrow Lake Refresh CPUs are not anticipated to deliver drastic changes. Nevertheless, there are certain important aspects where Intel aims to enhance performance.

    Upcoming Release

    As reported by ZDNET Korea (via @harukaze5719 on X), the Intel Arrow Lake Refresh CPUs are set to launch sometime in H2 2025, featuring quicker clock speeds and NPU 4. The specifics regarding the improvement in clock speeds for the Arrow Lake Refresh chips remain unclear, as the report does not provide any numerical details.

    Key Specifications

    To put it into perspective, the Core Ultra 9 285K, which is the leading Arrow Lake processor, has a boost clock of 5.5 GHz. This represents a significant reduction compared to the 14th-gen Core i9-14900K (Available on Amazon). In order for the Arrow Lake Refresh flagship to match the 14th-gen models, it will need to achieve a boost clock increase of over 8%.

    NPU Enhancements

    Currently, the Core Ultra 200S desktop CPUs utilize NPU 3, an earlier version that Intel first rolled out with Meteor Lake chips in late 2023. Intel later integrated the much-improved NPU 4 into the Core Ultra 200V Lunar Lake mobile chips. This is the NPU that Intel is reportedly planning to implement in the Arrow Lake Refresh CPUs.

    Despite the potential power of the NPU that Intel includes in its new processors, there are not many truly practical applications for an NPU on Windows at this moment. Thus, it raises the question of whether it’s wise to allocate valuable silicon for something as underused as an NPU in desktop CPUs.

    Exciting Times Ahead

    Overall, H2 2025 seems to be quite promising, as both AMD and Nvidia are also rumored to be launching new desktop GPUs within a few months. Alongside the new Intel CPUs, gamers will have plenty to look forward to this upcoming holiday season.

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  • Intel Shifts Focus to 14A Production After 18A Setbacks

    Intel Shifts Focus to 14A Production After 18A Setbacks

    Key Takeaways

    1. Intel reported a significant loss of $18.8 billion for fiscal year 2024, leading to CEO Pat Gelsinger’s departure.
    2. Delays in the Intel 18A manufacturing process hinder Intel’s competitiveness against TSMC, which is advancing its N2 production.
    3. Intel plans to limit the use of Intel 18A for its own chip production, with minimal output for major clients like Amazon and Microsoft.
    4. Upcoming “Panther Lake” laptop processors are expected to use the Intel 18A process starting in late 2025.
    5. Intel is pivoting towards Intel 14A manufacturing to compete with TSMC and Samsung, aiming to attract clients like Apple and Nvidia, with strategy discussions planned for July and fall.

    The current state of Intel is deteriorating significantly. The company has revealed a staggering loss of $18.8 billion for the fiscal year 2024, leading to the departure of CEO Pat Gelsinger. As a result, the delays in the Intel 18A manufacturing process are making it outdated and unable to compete effectively. A report from Reuters indicates that while Intel is struggling, TSMC’s N2 production is progressing as planned.

    Shift in Production Strategy

    Intel’s recent plans involve limiting the use of Intel 18A and Intel 18A-P exclusively for its own chip production, rather than attracting new clients. There will be a “small quantity” of chips produced for major clients like Amazon and Microsoft using the Intel 18A process. The upcoming “Panther Lake” laptop processors are anticipated to utilize the 18A process starting in the latter half of 2025. As reported by Reuters, the Intel 18A process is probably similar to TSMC’s N3, although the N3 technology has been in mass production since 2022.

    Future Directions

    In an effort to enhance its competitive stance against TSMC and Samsung Foundry, Intel is reportedly shifting its focus to Intel 14A, the next-generation manufacturing process that supposedly provides benefits over TSMC’s offerings. The intention is to attract major customers such as Apple and Nvidia, encouraging them to transition from TSMC. Nevertheless, Intel has yet to finalize its strategy regarding both Intel 18A and Intel 14A. Discussions about potential strategies will take place during a supervisory board meeting in July, with final decisions anticipated by a fall meeting at the latest.

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    Intel Shifts Focus to 14A Production After 18A Setbacks

     

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  • Intel to Lay Off Up to 20% of Chip Production Workforce

    Intel to Lay Off Up to 20% of Chip Production Workforce

    Key Takeaways

    1. Intel plans to cut 15 to 20% of jobs in chip manufacturing, with potential reductions in other divisions.
    2. Job losses could reach between 16,000 to 22,000, reducing the workforce from 124,800 to around 108,900.
    3. The company’s goal is to become “leaner, faster, and more efficient” by simplifying its organization.
    4. New CEO Lip-Bu Tan aims to streamline operations and focus more on engineers and customer demands.
    5. Intel’s stock price has dropped nearly 70% since April 2021, currently sitting just over $21 per share.

    Intel has recently informed its employees via email about plans to cut 15 to 20% of jobs in chip manufacturing. Additional reductions in other divisions are also possible, as the company is looking to downsize in various areas of its business.

    Job Reductions Ahead

    Back in December 2023, Intel employed around 124,800 people. Fast forward to December 2024, and that number has dropped to 108,900. With the new cuts coming, estimates suggest that the total job losses might reach between 16,000 to 22,000. A spokesperson from the company stated that Intel’s goal is to become a “leaner, faster and more efficient company.” They also plan on simplifying the organization and putting more focus on engineers and customer demands. These choices were made after thorough consideration to cut costs and improve Intel’s future standing.

    Leadership Changes and Market Pressures

    Lip-Bu Tan, the new CEO of Intel, had previously shared plans for streamlining the company about two months ago. Still, the exact number of job cuts wasn’t clear until now, showing that the situation is getting serious. The company has been feeling significant pressure lately; since April 2021, Intel’s stock price has plummeted nearly 70%. Although there was a slight recovery in 2023, the stock price has resumed its decline and is currently just over $21 per share, showing no signs of recovery in the near future.

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