Intel’s logo is shown on a sign in front of Intel on July 16, 2025 in Santa Clara, California.
Justin Sullivan | Getty Images
Intel On Thursday, they reported results in the second quarter that Wall Street expectations of revenue, with the new CEO of the company of the BB-Tan Ansad a significant cut in the construction of the Chip plant.
This is how the chips made compared
- Earnings for a stock: 10 cents a stock, tailored.
- income: $ 12.86 billion compared to $ 11.92 billion
Intel said she was watching revenue for the third quarter of $ 13.1 billion at the middle point of her range, compared to the average $ 12.65 billion analyst. The chipmaker said it left to violate even earning analysts looking for 4 cents a share.
In the second quarter, Intel reported a clean loss of $ 2.9 billion, our 67 cents per share, compared to a net loss of $ 1.61 billion, or 38 cents per share, in the fast -paced. The stock profits were unlike analysts due to $ 800 million in value, “related to Excel tools without ASSE identified,” the company said. This led to an EPS about 20 cents.
Intel’s second report since LIP-BU TAN took the CEO in Merrish, and again promised to prepare the chip manufacturer’s product competition, and reduce bureaucracy and management layers, including a team section in Oregon and California.
In a memorandum of empood published on Thursday, Tan said that the first few months of his boy “was not easy.” He said that the computer “assembled the majority” of his plans, amounting to 15% of the workforce and that he plans to finish the year with 75,000 employees. Intel said in the prevalence that she was trying to reduce the opening for $ 17 billion in 2025.
Intel shares arise this year by 13% starting from the closure of Thursday after Plumon 60% in 2024, their world year.
Tan also sought several other cuts in the memorandum, especially in the company’s expensive casting division, which makes fries into other members and is still looking for a big customer to anchor the business.
Intel said her casting business was a $ 3.17 billion opening loss on $ 4.4 billion.
Tan said Intel has received FAB projects designed in Germany and Poland, and unite its test and assembly operations in Vietnam and Machia. He added that Fightwold has lowered the pace of building an advanced chipset in Ohio, depending on market demand and if it can find large customers to the facility.
Tan wrote Tan. “In the process, our factory’s footprint has become fragmented and placed.
Tan wrote that the company’s chip production process, called 14A, will be built based on approved approved obligations.
“There are no more black tests.
The consisting customer computing group, which is initial (consisting of sales of central vehicles for personal computer computers, $ 7.9 billion in sales, lowered 3% on the basis and annual base.
Revenue in the data center group, which increases several AI chips, but they are the major minister’s center ridges, rose 4% to $ 3.9 billion. Tan wrote in his memo that Intel wants to analyze the market share in the data center’s chips, and look for a person leading to the business. Veteran rival Miceroscient devices Had more and more Winner in the Server Business From cloud customers.
Tanded had an overview and approved all the chip designs before which a tablet outside, which is the final steep of the Design Procese before producing a new chip.
expect: How do American companies facilitate Trump Tarphs with Foreign Trade Areas
