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Time of India
10-07-2025
- Business
- Time of India
Intel cuts over 500 jobs in Oregon as part of layoff plan
HighlightsIntel Corporation is laying off over 500 employees in Oregon, primarily affecting facilities in Aloha and Hillsboro, as part of a broader plan to reduce approximately 20% of its workforce. The layoffs, which are set to begin on July 15, 2023, follow job cuts at Intel's headquarters in Santa Clara, California, where 107 positions were eliminated. Under the leadership of Chief Executive Officer Lip-Bu Tan, Intel Corporation aims to become a more efficient organization by removing complexity and empowering engineers to better meet customer needs. Intel Corp. is cutting more than 500 positions in Oregon as part of a layoff plan that's ultimately expected to affect roughly 20% of the chipmaker's staff. The Oregon job reduction will hit facilities in Aloha and Hillsboro starting on July 15, Intel said in a regulatory filing. The layoffs are expected to eliminate about 529 employees on a permanent basis. The latest disclosure follows an announcement in California, where 107 employees were let go at Intel's Santa Clara headquarters. Under new Chief Executive Officer Lip-Bu Tan, Intel embarked on a plan in April to slash jobs and reduce operating expenses. The company hasn't given a total figure for the cuts, but a person familiar with the matter has put the amount at more than a fifth of staff. The Oregon announcement helped lift the stock as much as 6.9% in New York trading. Intel shares had climbed nearly 10% in 2025 before Tuesday's move, compared with an 11% gain for the Philadelphia Stock Exchange Semiconductor Index. Tan is trying to turn around the Silicon Valley pioneer after years of decline. The company lost its technological advantage to other manufacturers, and has missed out on the boom in artificial intelligence computing — a surge that greatly benefited Nvidia Corp. In a statement, Intel said it was making the Oregon cuts to become 'a leaner, faster, and more efficient company.' 'Removing organizational complexity and empowering our engineers will enable us to better serve the needs of our customers and strengthen our execution,' the company said. 'We are making these decisions based on careful consideration of what's needed to position our business for the future, and we will treat people with care and respect as we complete this important work.' Hillsboro, a suburb of Portland, is home to some of Intel's biggest factories and research centers. The struggling chipmaker is the city's largest employer.
Business Times
08-07-2025
- Business
- Business Times
Intel cuts over 500 jobs in Oregon as part of layoff plan
[SAN FRANCISCO] Intel is cutting more than 500 positions in Oregon as part of a layoff plan that's ultimately expected to affect roughly 20 per cent of the chipmaker's staff. The Oregon job reduction will hit facilities in Aloha and Hillsboro starting on Jul 15, Intel said in a regulatory filing. The layoffs are expected to eliminate about 529 employees on a permanent basis. The latest disclosure follows an announcement in California, where 107 employees were let go at Intel's Santa Clara headquarters. Under new chief executive officer Lip-Bu Tan, Intel embarked on a plan in April to slash jobs and reduce operating expenses. The company has not given a total figure for the cuts, but a source familiar with the matter has put the amount at more than a fifth of staff. The Oregon announcement helped lift the stock as much as 6.9 per cent in New York trading. Intel shares had climbed nearly 10 per cent in 2025 before Tuesday's move, compared with an 11 per cent gain for the Philadelphia Stock Exchange Semiconductor Index. Tan is trying to turn around the Silicon Valley pioneer after years of decline. The company lost its technological advantage to other manufacturers, and has missed out on the boom in artificial intelligence computing – a surge that greatly benefited Nvidia. In a statement, Intel said it was making the Oregon cuts to become 'a leaner, faster and more efficient company'. 'Removing organisational complexity and empowering our engineers will enable us to better serve the needs of our customers and strengthen our execution,' the company said. 'We are making these decisions based on careful consideration of what's needed to position our business for the future, and we will treat people with care and respect as we complete this important work.' Hillsboro, a suburb of Portland, is home to some of Intel's biggest factories and research centres. The struggling chipmaker is the city's largest employer. BLOOMBERG
Yahoo
08-07-2025
- Business
- Yahoo
Intel Cuts Over 500 Jobs in Oregon as Part of Layoff Plan
(Bloomberg) -- Intel Corp. is cutting more than 500 positions in Oregon as part of a layoff plan that's ultimately expected to affect roughly 20% of the chipmaker's staff. Are Tourists Ruining Europe? How Locals Are Pushing Back Denver City Hall Takes a Page From NASA Can Americans Just Stop Building New Highways? Philadelphia Trash Piles Up as Garbage Workers' Strike Drags On The Oregon job reduction will hit facilities in Aloha and Hillsboro starting on July 15, Intel said in a regulatory filing. The layoffs are expected to eliminate about 529 employees on a permanent basis. The latest disclosure follows an announcement in California, where 107 employees were let go at Intel's Santa Clara headquarters. Under new Chief Executive Officer Lip-Bu Tan, Intel embarked on a plan in April to slash jobs and reduce operating expenses. The company hasn't given a total figure for the cuts, but a person familiar with the matter has put the amount at more than a fifth of staff. The Oregon announcement helped lift the stock as much as 6.9% in New York trading. Intel shares had climbed nearly 10% in 2025 before Tuesday's move, compared with an 11% gain for the Philadelphia Stock Exchange Semiconductor Index. Tan is trying to turn around the Silicon Valley pioneer after years of decline. The company lost its technological advantage to other manufacturers, and has missed out on the boom in artificial intelligence computing — a surge that greatly benefited Nvidia Corp. In a statement, Intel said it was making the Oregon cuts to become 'a leaner, faster and more efficient company.' 'Removing organizational complexity and empowering our engineers will enable us to better serve the needs of our customers and strengthen our execution,' the company said. 'We are making these decisions based on careful consideration of what's needed to position our business for the future, and we will treat people with care and respect as we complete this important work.' Hillsboro, a suburb of Portland, is home to some of Intel's biggest factories and research centers. The struggling chipmaker is the city's largest employer. (Updates with stock reaction in fourth paragraph.) Will Trade War Make South India the Next Manufacturing Hub? 'Telecom Is the New Tequila': Behind the Celebrity Wireless Boom SNAP Cuts in Big Tax Bill Will Hit a Lot of Trump Voters Too For Brazil's Criminals, Coffee Beans Are the Target Pistachios Are Everywhere Right Now, Not Just in Dubai Chocolate ©2025 Bloomberg L.P. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
08-07-2025
- Business
- Yahoo
Intel Cuts Over 500 Jobs in Oregon as Part of Layoff Plan
(Bloomberg) -- Intel Corp. is cutting more than 500 positions in Oregon as part of a layoff plan that's ultimately expected to affect roughly 20% of the chipmaker's staff. Are Tourists Ruining Europe? How Locals Are Pushing Back Denver City Hall Takes a Page From NASA Can Americans Just Stop Building New Highways? Philadelphia Trash Piles Up as Garbage Workers' Strike Drags On The Oregon job reduction will hit facilities in Aloha and Hillsboro starting on July 15, Intel said in a regulatory filing. The layoffs are expected to eliminate about 529 employees on a permanent basis. The latest disclosure follows an announcement in California, where 107 employees were let go at Intel's Santa Clara headquarters. Under new Chief Executive Officer Lip-Bu Tan, Intel embarked on a plan in April to slash jobs and reduce operating expenses. The company hasn't given a total figure for the cuts, but a person familiar with the matter has put the amount at more than a fifth of staff. The Oregon announcement helped lift the stock as much as 6.9% in New York trading. Intel shares had climbed nearly 10% in 2025 before Tuesday's move, compared with an 11% gain for the Philadelphia Stock Exchange Semiconductor Index. Tan is trying to turn around the Silicon Valley pioneer after years of decline. The company lost its technological advantage to other manufacturers, and has missed out on the boom in artificial intelligence computing — a surge that greatly benefited Nvidia Corp. In a statement, Intel said it was making the Oregon cuts to become 'a leaner, faster and more efficient company.' 'Removing organizational complexity and empowering our engineers will enable us to better serve the needs of our customers and strengthen our execution,' the company said. 'We are making these decisions based on careful consideration of what's needed to position our business for the future, and we will treat people with care and respect as we complete this important work.' Hillsboro, a suburb of Portland, is home to some of Intel's biggest factories and research centers. The struggling chipmaker is the city's largest employer. (Updates with stock reaction in fourth paragraph.) Will Trade War Make South India the Next Manufacturing Hub? 'Telecom Is the New Tequila': Behind the Celebrity Wireless Boom SNAP Cuts in Big Tax Bill Will Hit a Lot of Trump Voters Too For Brazil's Criminals, Coffee Beans Are the Target Pistachios Are Everywhere Right Now, Not Just in Dubai Chocolate ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Times
07-05-2025
- Business
- Business Times
Trump to rescind chip curbs after debate over AI rules
[WASHINGTON] The Trump administration plans to rescind Biden-era artificial intelligence (AI) chip curbs as part of a broader effort to revise semiconductor trade restrictions that have drawn strong opposition from major tech companies and foreign governments, according to sources familiar with the matter. The repeal, which is not yet final, seeks to refashion a policy launched under president Joe Biden that created three broad tiers of countries for regulating the export of chips from Nvidia and others. The Trump administration will not enforce the so-called AI diffusion rule when it takes effect on May 15, the sources said. The changes are taking shape as US President Donald Trump prepares for a trip to the Middle East, where a number of countries including Saudi Arabia and the United Arab Emirates have bristled at restrictions on their ability to acquire AI chips. Trump officials are actively working towards a new rule that would strengthen the control of chips abroad, according to the sources, who asked not to be identified because the change is not yet public. Shares of chipmakers rose after Bloomberg News reported on the move. Nvidia climbed 3.1 per cent, and the Philadelphia Stock Exchange Semiconductor Index – a closely watched benchmark – gained 1.7 per cent. Unveiled during Biden's last week in office, the diffusion rule established new US licensing obligations for AI chip shipments to much of the world as a final salvo after years of escalating restrictions on semiconductor trade. The measure sought to prevent China from acquiring AI chip technology via intermediaries and to bring more nations into the US orbit by setting security requirements to access best-in-class American technology. 'The Biden AI rule is overly complex, overly bureaucratic, and would stymie American innovation,' the Commerce Department's Bureau of Industry and Security said in a statement released by a spokesperson. 'We will be replacing it with a much simpler rule that unleashes American innovation and ensures American AI dominance.' BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up The Commerce Department will continue to strictly enforce chip export curbs while it develops a new rule, the sources said. One element of the move to repeal the diffusion rule will be to impose chip controls on countries that have diverted chips to China, including Malaysia and Thailand, one of the sources said. Nvidia, the leading maker of chips for training AI models, has objected to the growing number of US restrictions. The company has consistently derided the AI diffusion rule and pushed for its wholesale repeal, arguing that restrictions on third countries will only push them closer to China. Chief executive officer Jensen Huang said this week that US companies should be able to sell into China, which he predicts will become a US$50 billion market for AI chips in the next couple of years. Still, the Trump administration has stepped up restrictions targeting Beijing's tech ambitions. It already banned Nvidia from selling its H20 chip in China, a move that cost the company US$5.5 billion in writedowns. Nvidia had no immediate comment. Repeal of the AI diffusion rule would mark a temporary reprieve for countries such as India and Malaysia, which did not face any chip curbs before January, when Biden unveiled the rule's framework. The Malaysia delay would be a boon to Oracle, which plans a massive data centre expansion there that was set to blow past AI diffusion rule limits. The Trump administration's move also would be welcome news for countries that were covered by earlier rounds of US restrictions, such as the UAE and Saudi Arabia, but see fresh opportunities to negotiate better terms with the new team in Washington. Those two countries, along with the rest of the Persian Gulf and parts of South-east Asia, have faced chip export controls since 2023 – meaning that an AI diffusion delay alone would not lift licensing requirements on Nvidia sales to data centres there. Trump has expressed interest in easing restrictions for the UAE, Bloomberg News previously reported, and he could announce the start of work on a government-to-government AI chip agreement when he visits the emirate during a broader Middle East trip from May 13 to May 16. The UAE has been particularly active in pushing for such an accord, and has pledged to invest as much as US$1.4 trillion in US technology and infrastructure over the next decade – a promise that bent the conversation in the country's favour. Striking accords with the wide range of countries eager to buy Nvidia chips would be a monumental task, and could result in dozens of separate policies by which companies must abide. The country tiers and associated chip export limits were not the only new policy in the AI diffusion rule. The framework also established export controls for AI model weights, which are the numerical parameters that software uses to process data and make predictions or decisions. The Trump administration's plans for those curbs are under discussion. BLOOMBERG
