Intel has announced plans to lay off around 24,000 employees—roughly 25% of its core workforce—by the end of 2025. The company is also shelving chip manufacturing projects in Germany and Poland, ending operations in Costa Rica, and slowing construction in Ohio. This move is part of CEO Lip-Bu Tan’s aggressive cost-cutting plan to match capacity with actual demand, following years of overinvestment and weak positioning in the AI chip race.
This is one of the most significant restructurings in the chip industry—and a critical moment for Intel’s future competitiveness in AI and advanced semiconductors.
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