Intel continues to pull back on its manufacturing projects

Intel’s CEO is progressing in his plan to spread the inefficiency of the lip-bo tan company. And there are several production projects spikeing.

The Semiconductor Giant said on Thursday that it would be delayed in his second-third income report that it would not be delayed and in some cases multiple manufacturing projects would not proceed. Specifically, Intel said that it was no longer moving forward with the projects announced in Germany and Poland. These projects included an assembly and test facility in Poland and a chip factory in Germany. Both projects have been sitting in the limbo since being suspended in 2024, Shortly afterThe

The company also plans to integrate its examination activities in Costa Rika and focus on these activities on Vietnam and Malaysian sites.

“Unfortunately, the capacity we invest in the last several years was better than demand and was stupid and extra,” Tan called for the company’s second-quarter earnings. “Our factory’s footprint has become unnecessarily fragmented. We will only increase our power on the basis of volume promise and deployment Capex Lockstap Including clear milestone, and not before. “

Intel also says that it is about to delay the $ 20 billion Ohio chip factory. The factory was supposed to be opened initially in 2025 and it was already Delayed once this year in February.

The second quarter was in Intel’s Helme with Tan with the first full quarter. Was named after him CEO of the Semiconductor Organization on March 12 And started the role a week later. Shortly after a short time, Tan said his plan was Eliminate inefficiency It sells its non-core units in the organization and sells streamlining operations.

Tan Q2 called for earning earning, “We have a lot of work to create a clean and flowing company that we have sincerely started and remain as a focus field for me during Q3,” Tan Q2 called for earning. “Our goal is to reduce inefficiency and unnecessary and increase accountability at every level of the organization.”

The company also gave an update about its workforce, which has passed through several points. Intel has reduced its workforce by about 15% and planned to finish the year with 75,000 employees, the company said. Tan said Intel was able to eradicate 50% management levels through its recent trim.

Intel announced an internal memo in June that it was going on Keep off 20% to 20% off Its Intel Foundry unit has workers, which designs and produce chips for external clients. According to the agency, the company had 108,900 employees at the end of 2024 Annual report Filed to the Security and Exchange Commission. It is less than 124,800 people employed at the end of 2023.