Investment will make SoftBank fifth-biggest shareholder in Intel

Sources says plans are still fluid, however, and a deal might not be reached

Meeting is expected to take place at the White House today

Response from Lip-Bu Tan follows Trump's unprecedented demands

Arkansas Senator Tom Cotton wrote to Intel’s board to “express concern” about CEO’s reported “deep ties to the Chinese Communists”

Company posted a net loss of $2.9 billion on $12.9bn in flat quarterly revenue

Cuts follow comments from Intel CEO saying chipmaker is no longer a top 10 semiconductor company

Impacted job roles include design engineers, cloud software workers, and project managers

Latest round of appointments from CEO Lip-Tu Ban

Majority of layoffs expected to take place in July

Companies operating under the newly-formed Saimemory brand

Segment no longer aligns with new CEO’s strategy

The Garden of the Gods site offers 70MW of existing power capacity and is “ready for retrofit”

CEO Lip-Bu Tan wants to return Intel to its engineering roots

Second round of layoffs employees have faced in a 12 month period

Multiple business groups will now report directly to Lip-Bu Tan

Intel first acquired the FPGA chip company in 2015 for $16.7bn

Deal could see TSMC take 20 percent stake in Intel’s foundry operations

Will start new role on March 18

Nvidia, AMD, Qualcomm, and Broadcom have all been approached, sources claim

Despite delays, chipmaker says it is still committed to the Ohio One project

Two companies said to be considering separate acquisitions of Intel’s chip design business and semiconductor fabs

Replaces Pekka Lundmark, who leaves after four years at the helm

Despite the downturn, company has received first two installments of CHIPS Act funding