DCD Magazine #62 - The coming wave
Will compute at sea sink or swim?
Will compute at sea sink or swim?
Unclear how many roles will be impacted
Chipmaker has also hired former Qualcomm exec Alex Katouzian to oversee its Client Computing & Physical AI Group
Latest high-profile executive to leave the chipmaker
Project will reportedly be led by former Qualcomm exec Eric Demmers
Intel CEO Lip-Bu Tan said in internal memo Wei-Jen Lo has the company’s full support
Prior to his appointment in April, Sachin Katti had led Intel’s networking and Edge group
Latest instance of Intel silicon exec leaving for chipmaker for rival company
News comes as CEO Lip-Bu Tan continues to reshuffle Intel top team
Latest moves in organizational reshuffle
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”
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
Second round of layoffs employees have faced in a 12 month period
Multiple business groups will now report directly to Lip-Bu Tan
Will start new role on March 18
Job postings reveal company is developing a “server solution for data center applications”
Two interim CEOs have been appointed until a replacement is found
Has three R&D centers in the middle eastern nation
Part of a broader plan to cut 15,000 jobs
Could include proposal to shed Altera chip unit or shelve German chip fab
Workers who are approved for the scheme will leave company on September 30
Company saw its stock price sink after results were published
Company due to post Q2 2024 results this week
First day at the company is August 12