Unlock the publisher's digest free
Roula Khalaf, editor -in -chief of the FT, selects her favorite stories in this weekly newsletter.
Intel plans to reduce its capital expenses and rationalize its activities while the American flea manufacturer traces a recovery under its new director general and presents himself with the trade war of President Donald Trump with China.
The company, which reduced 15,000 jobs in the second half of 2024, said on Thursday that its plan included “the rationalization of the organization, the elimination of management layers and allowing faster decision -making”.
But Intel gave a more optimal guide over the current quarter – send its actions below outside working hours – while the Trump administration plans send shock waves in the semiconductor industry.
According to Bloomberg, the manufacturer and designer based in California said that it expected adjusted revenues of $ 11.2 billion to $ 12.4 billion for the three months at the end of June, lower than the expectations of analysts of $ 12.9 billion, according to Bloomberg.
The shares decreased by more than 6% in the afternoon after the press release.
The Intel gains report has been the first since Tanning lip took the post of director general in March, after the board of directors ousted Pat Gelsinger in December.
Tan said in a statement that it took “quick actions to lead to better execution and better operational efficiency while allowing our engineers to create excellent products”.
Intel said that he did not include restructuring costs in its directives.
During the first three months of 2025, Intel declared adjusted income of $ 12.7 billion, flat compared to a year ago, but above consensual estimates of Wall Street of $ 12.3 billion. Its net loss expanded to $ 821 million, against a loss of $ 381 million a year ago, but was better than the analysts expected.
Trump spared semiconductors and related products for the weight of his pricing diet on China. But they are subject to a National Security Review This could lead to new prices and more disruption of the global supply chain and very complex semiconductors.
Washington has already cracked On exports of artificial intelligence fleas to China by American companies, notably Nvidia and Intel, because it seeks to put pressure on Beijing and protect American technology.
