The Ontario government on Thursday issued a request for proposals for a feasibility study to explore the best way to ...

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Intel beats on revenue, slashes foundry investments as CEO says ‘no more blank checks' By Kif Leswing, CNBC • Published July 24, 2025 • Updated on July 24, 2025 at 4:02 pm ...

Despite layoffs, Intel appears to remain committed to its ongoing site expansion in Arizona as it retreats from other planned projects.

“There are no more blank checks,” Tan wrote in a memo to employees, published by Reuters. “Every investment must make economic sense. We will build what our customers need, when they need it ...

Included in the cuts are second-quarter layoffs, during which Intel slashed nearly 50% of its management tiers, incurring $1.9 billion in restructuring charges. “There are no more blank checks.

Intel stock was down sharply Friday after the chip maker reported better-than-expected revenue but failed to resolve doubts about its future in chip manufacturing.

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