Intel takes €17.2bn hit in restructuring and impairment charges
Smaller than expected sales decline boosts shares as chipmaker tries to recover from misjudging demand
Intel
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Profits up on lower revenues at Intel’s Shannon-based R&D operation
Company paid 2023 corporation tax of $4.3m with annual profit of $48.2m, an almost 20% increase on 2022
IDA’s €85m grant to Analog Devices the latest payment from package of financial supports for big chip makers
US semiconductor firm last year announced plans to build €630m facility in Limerick, which it says will add 600 jobs to company’s Irish workforce
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Irish company merger and acquisition deals fall despite significant rise in value
Apollo Global’s $11bn joint venture with Intel in Leixlip tops London Stock Exchange’s deal table
Where does Intel go from here?
The hobbled chipmaker is clearly in play, something unimaginable only a few years ago
Apollo to offer multibillion-dollar investment in Intel
Potential investment is struggling chipmaker comes as rival Qualcomm floats idea of a friendly takeover
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Move comes with Intel expected to lay off hundreds of workers at Irish operation
Germany grapples with fresh economic blow as Intel pulls plug on new plant
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Intel’s research and development facility at Shannon to close next year
Base for those currently working in Co Clare operation to be moved to Leixlip or abroad but no additional redundancies expected
Intel considers drastic change to catch AI rivals
Senior departures and plunging share price hit chief executive Pat Gelsinger’s plans for company turnaround
Flood of applications expected for lucrative exit packages at Intel’s Irish plant
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Intel prepares for surge in applications for lucrative exit packages at Irish operation
Deadline for redundancy applications is today
Intel begins consultation with Irish staff on job cuts
Chip giant confirms departure terms alongside details of other cuts to work benefits for those who stay
Intel received millions in Irish Government aid this year
Chip manufacturer received a further €2.5m in IDA supports, as Irish-based staff await details of redundancy scheme
Irish staff in the dark as Intel starts global cuts
Chipmaker seeking to slash costs as company struggles
How Intel fell from dominant chipmaker to struggling also-ran
Onetime part of the dotcom’s ‘four horsemen’, chipmaker is now trailing rivals and betting the house on foundry plan
Interconnected tech sector paying the price for lack of real innovation
Intel’s struggles, doubts over potential of AI and Google’s humbling in federal antitrust suit all point to a potential inflection point for the sector
Intel heads for another round of right-sizing
Mounting losses put pressure on investor sentiment as the company looks to leapfrog Samsung
Intel’s Irish staff await news on how global job cuts will affect Leixlip operation
Chipmaker plans to cut 16,500 posts globally but impact on 4,900 employees in Ireland not yet clear
Markets hit a wall amid fears of US economic slowdown
Financials and tech stocks worst hit as indices show a sea of red
Intel to cut close to 17,000 and suspend dividend
Chip giant undershoots profit and sales forecasts for second quarter and disappoints in outlook
Intel to cut thousands of jobs to reduce costs and fund turnaround
Workforce reduction may be announced as early as this week
Irish merger and acquisition activity down 20% as uncertainty bites
Geopolitical tensions, economic caution and a downgraded IMF forecast behind drop, William Fry report finds
Intel backing of Chinese startups raises alarm in Washington
Silicon Valley chipmaker has invested in more than 40 Chinese start-ups while also receiving billions in US grants
Booming life sciences sector boosts revenues at Jacobs Engineering by 40%
Directors agreed to pay dividend of €20m to Irish firm’s European parent
Shares struggle for direction ahead of earnings season
Iseq index adds 1.5% amid big moves for banks and homebuilders
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