In a way, Intel just reported its best quarter in years. But given the harsh realities the chip maker faces, that’s no longer enough. Strong PC shipments by manufacturers looking to get ahead of tarif

This news follows layoffs of 15% last year and a memo from Tan earlier this year that referenced “critical changes [that] will reduce the size of our workforce.” (At the time, Bloomberg reported that Intel planned to cut over 20% of its staff, but the figure was never confirmed.)

Intel is planning to separate its networking and communications unit into a stand-alone company and has begun the process of identifying investors, the chipmaker said on Friday, as new CEO Lip-Bu Tan looks to streamline its operations.

Intel Corp. is shedding thousands of workers and cutting expenses as its new CEO works to revive the struggling chipmaker's fortunes.

If the rumors are to be believed, Intel may be gearing up for a major apology to gamers in the form of a suite of gaming-specific CPUs. Intel has suffered through multiple crises, a CEO ouster, sweeping layoffs,

Intel canceled multiple manufacturing projects in Europe and delayed its Ohio chip plant for the second time this year.

Back in April, Intel Corp.’s newly appointed Chief Executive Officer Lip-Bu Tan told investors on his inaugural earnings call that turning around the troubled chipmaker would take time.

"We definitely had the intel," Susan Miller, who helped oversee the 2017 intelligence assessment of Russia's efforts in the 2016 election, told NBC News.