Intel continues to pull behind their manufacturing projects

Intel Ceo Lip-Bau makes progress in his plan for the company to flash their inefficiencies. And that includes frightening many manufacturing projects.

The Gethton Semiconded reported on Thursday in its second service to earn that will look after, and in some cases, not advance with many manufacturing. Specifically, Intel said that was no longer away with his previously announced projects in Germany and Poland. Those projects include an assembly and trial facility in Poland and a chip factory in Germany. The two projects were placed in the limbo as being suspended in 2024, Shortly after bored. I am

The company also intended to consolidate their test operations in Costa Rica and concentrate these operations to their sites in Vietnam and Malaysia.

“Unfortunately the ability to the capacity that we have the final and were intimidate and excessive,” TAN he said on the second quantity of the company of the company’s sected company’s company. “Our factory footprint has become worthless unnecessarily. Going forward, we grow our ability based solely on volume engagement and implement Capex lockstep with the tiny tapes, and not before. “

Intel also said that went in more delaying its $ 28 billion pearl chip factory. The factory was initially supposed to open in 2025, and was already delayed once this year in February.

The second trimester was the first fourth quarter with tan in the norm of the intel. It was called CEO of the Semiconductor Company on March 12 and started the role a week later. Shortly after, the tan said his plan was Eliminate inefficiencies to the company that we sell their non-hearted units and stylos operations.

“We have a lot of work to build a clean and harassing organization and we will be a focus area.” Our aim is to reduce ineffections and rise and increase the response to each level of company. “

The company also given an update on his strength force, which went through many rounds ofi lief. Intel reduced his work strength from about 15% and the plans to complete the year with 75,000 employees, the company said. Intel was able to delete 50% of management layers through their recent layoff, tan said.

Intel announced in June in an internal memo that went Lay off 15% to 20% of workers in their unit of funding Intel, which designs and manufacturing critics for external customers. The company had 108,900 employees at the end of 2024, according to the company Annual report Filed with the headlines and exchange commission. Came from 124.800 people who employs at the end of 2023.