Intel

Intel’s leadership has reiterated the company’s strong commitment to India’s semiconductor ambitions, signaling confidence in the country’s rapidly evolving technology and manufacturing landscape. The CEO expressed support for New Delhi’s strategy to position India as a competitive global semiconductor hub, highlighting the government’s incentives, skilled talent pool, and growing demand from high-value industries.

In a decisive move to recalibrate its long-term strategy, Intel Corporation has announced plans to lay off approximately 24,000 employees and halt several billion dollars’ worth of planned factory investments. This sweeping cost-cutting initiative comes as the chipmaker grapples with persistent profitability pressures and a rapidly shifting global semiconductor landscape. CEO Lip-Bu Tan described the decision as “hard but necessary,” reflecting the company’s pivot toward operational streamlining, capital efficiency, and recalibrated growth priorities.