Intel shares fall as dour forecasts overshadow CEO's turnaround promises
The Hindu
Intel’s shares fell by more than 8% as the company’s weak revenue and profit forecast overshadowed new CEO Lip-Bu Tan’s plans to revamp the company.
Intel's shares fell more than 8% on Friday as the company's weak revenue and profit forecasts overshadowed new CEO Lip-Bu Tan's strategy to revitalise the embattled chipmaker.
Years of bad decisions have left the struggling American chipmaking icon trailing in the lucrative artificial intelligence industry, while a raging Sino-U.S. trade war casts doubt on near-term demand for its PC processors.
Tan on Thursday gave glimpses of his plans to reanimate Intel's culture of innovation by focusing on core engineering, stripping away unnecessary administrative work and cutting workforce.
"Intel is so huge that shifting its course is like turning a battleship – it cannot be done on a dime," Evercore ISI analysts said.
Tan did not provide much detail on how he will restore Intel's leadership position in manufacturing, nor on his plans to attract more external customers to the company's foundry, J.P.Morgan analysts said.
Tan remains focused on the contract manufacturing business and has recently met rival TSMC'S CEO to discuss how the two companies could collaborate.
Executives said first-quarter sales were boosted by customers stockpiling chips as growing tariff tensions between the U.S. and China have made buyers wary of future purchases.
Mumbai faces a severe air pollution crisis, impacting residents' health and escalating medical expenses amid bureaucratic inaction.
Rupee at 90: foreign capital exits, imports jump, and RBI eases its defence. A breakdown of the market forces and policy choices shaping the currency slide.
North Goa club midnight blaze follow The Hindu LIVE updates on December 7 2025
Australia activates disaster relief for New South Wales as wildfires threaten properties and infrastructure, with no casualties reported.
Australia’s Pat Cummins confirms he’ll return for the third Ashes Test, easing concerns for the struggling England side.
The Shakespeare Millennium Club in collaboration with the Annai Velankanni Church (Society of St. Vincent De Paul), conducted a Free Medical Camp on November 23, 2025 at the church premises from 9 am to 6 pm, with Dr. Samundi Sankari and Dr. Divya Sivaraman of Srushti Hospitals, Dr. Sharada L N of Aramba, the Kumaran Dental Clinic, Lychee and Satya Physiotherapy Centre, according to a press release.
Hyderabad police support senior citizens living alone, enhancing safety, preventing fraud, and fostering community connections through regular visits.
Explore the vital role of Humanities in fostering critical thinking, empathy, and social harmony amid the STEM-focused higher education landscape.
Tiruvannamalai removes 450 metric tonnes of waste from Maha Deepam day in a two-day cleanup by 2,300 workers.
Chennai Metrowater raises tanker tariffs and removes trip caps to address rising production costs and enhance bulk water supply.
Tamil Nadu commits to enhanced collaboration with the National Green Tribunal for effective environmental governance and protection initiatives.
On Ambedkar's death anniversary, CM Rekha Gupta highlights his enduring ideals of social harmony, equality, and justice.
The Banyan launches the Keshav Desiraju Lived Experience Repository in Chennai to preserve mental illness narratives across various formats.