Intel lowers full-year expense target

Core Viewpoint - Intel has reduced its full-year 2025 adjusted operating expense target to $16.8 billion from $17 billion, reflecting the deconsolidation of its programmable chip business [1] Group 1 - The adjusted operating expense target for 2025 is now set at $16.8 billion, a decrease from the previous target of $17 billion [1] - The reduction in operating expense is attributed to the deconsolidation of Intel's programmable chip business [1]