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Intel’s CEO: ‘We are not in the top 10’ of leading chip companies

OREGON, CALIFORNIA, ARIZONA, ISRAEL, JUL 10 – Intel CEO Lip-Bu Tan announced layoffs and strategic shifts as the company falls out of the top 10 semiconductor firms, with market value halved to around $100 billion.

  • New CEO Lip-Bu Tan told staff in leaked message today that Intel is not in the top 10 semiconductor companies as thousands faced layoffs amid severe technical and financial challenges.
  • Technological setbacks over the past decade, combined with $16 billion in losses and losing market share to AMD’s EPYC, fueled Intel's decline and operational struggles.
  • Intel's market value halved to around $100 billion, with 529 Oregon layoffs planned and contractor numbers at Kiryat Gat dropping from 5,500 to 2,000, freezing the $25 billion plant expansion.
  • In response, Tan emphasized a focus on edge AI and shrinking Intel to boost agility, framing layoffs as part of a marathon effort to regain competitiveness amid market declines.
  • Intel plans to launch 18A next year and shift to 14A by 2027, while Nvidia's valuation exceeds $4 trillion, highlighting industry competitiveness challenges.
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The Oregonian broke the news in Portland, United States on Wednesday, July 9, 2025.
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