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Intel

Aiming to become leaner and more efficient, Intel continues massive lay-off wave

Intel Israel is notifying hundreds of employees about layoffs this week, joining a global reduction affecting more than 2,000 workers; Despite cuts, new hiring continues for essential roles, including projects like the $25 billion Kiryat Gat chip plant

Tal Shahaf | 10.28.24

Which chip manufacturer will rule over the next generation of PCs?

Intel's recent unveiling of its Lunar Lake processor in Berlin underscores a pivotal shift in the computer chip industry; Once dominated by giants, the landscape is now shaped by AI advancements, with Intel, AMD, Apple, and Qualcomm leading the charge in an acutely competitive arena

Raphael Kahan | 09.30.24

Intel set to receive $3.5b in grants to produce chips for US military

Technology giant is frontrunner for a new US initiative seeking to develop local technologies for US Defense Department while reducing reliance on foreign producers

Calcalist | 09.15.24

Intel CEO Pat Gelsinger to present board with cost-cutting, restructuring plan

Moves considered include a potential pause on Intel's $32 billion factory project in Germany, as part of efforts to streamline operations and align with weaker revenue forecasts

Ynetnews | 09.03.24

Israeli employee hits Intel with wrongful termination lawsuit after antisemitism complaint

Charges claim the worker's supervisor began sharing antisemtic and anti-Israel posts after October 7 and then fired the worker after he complained about his supervisors' behavior

Daniel Edelson, New York | 08.14.24

How will Intel's crash affect the Israeli market?

The computer chip giant's plans to cut thousands of employees following miserable earnings report won't pass over Israel but observers say local staff employed in critical company sectors and may be spared compared to less profitable units

Israel Wullman | 08.04.24

Intel set to cut thousands of employees

Technology giant takes first steps in its planned efficiency initiative following falling market share and lackluster product lineup compared to competition, report says

News Agencies | 07.31.24

Intel halts planned factory expansion in Israel

Tech giant informs Finance Ministry of planned pause in project after contractors receive notifications about their deals with the company being frozen; ministry says no change to overall expansion plan

Sophie Shulman/Calcalist | 06.11.24

Intel's Israeli arm conquers all goals amid a war-infused reality

New Intel Israel CEOs navigate tough reality with multi-billion facility in the work while meeting targets during wartime despite reservist call-ups, focusing on demonstrating efficacy to global headquarters under challenging conditions

Israel Wullman | 03.17.24

Israel gives Intel $3.2 billion grant for new $25 billion chip plant

It's largest investment ever by a company in Israel; Intel says expansion plan for its Kiryat Gat site where it has an existing chip plant only 42 km (26 miles) from Hamas-controlled Gaza is important part of company’s efforts to foster a more resilient global supply chain

Reuters | 12.26.23

Biden, Xi Jinping lock horns over Israeli semi-conductor manufacturer

Analysis: Behind the collapse of the Tower-Intel deal lies nothing short of a digital cold war for the future of the global semiconductor industry throwing hundreds of employees into a most aggressive conflict

Guy Natan | 08.23.23

Goodbye Intel, Hello India: Israeli chip manufacturer set to expand investments in Asia

With Intel's takeover canceled, Israeli chipmaker Tower Semiconductor could find an opportune path for expansion in a country aiming to become the world's third-largest economy in a decade; India, leveraging the US-China rivalry in the semiconductor sector, is yearning for substantial investments

Sophie Shulman, Calcalist | 08.21.23

Intel to drop $5.4 billion Tower deal after China review delay

Sources say Intel fails to secure approval from Chinese regulators for acquisition of the Israeli chipmaker on time as required under the contract

Reuters | 08.16.23

Government hails largest ever Intel investment but chip maker cannot confirm

After Somtrich and Netanyahu say robust economy behind Intel's plan to build a new facility in Israel, ministry forced to amend statement to explain that the investment is half the sated amount and the plant had been under construction since 2018

Tsachi Sadeh, Gad Lior | 06.18.23

How did the biggest tech stocks perform so far in 2023?

After a brutal 2022, tech giants including Alphabet, Apple, Microsoft, Meta, and Intel release financial reports for the first quarter of 2023; Some reported dips in sales, while others faced challenging economic environments

Dan Raban | 05.09.23

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