Intel will reduce its workforce by 22% to 75,000 employees by the end of 2025 as new CEO Lip-Bu Tan implements sweeping changes designed to transform the struggling chipmaker into a more ...

“There are no more blank checks. Every investment must make economic sense,” Tan wrote.

Intel's era of building first and finding customers later is over.

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 7:02 pm ...