Key Takeaways Intel stands to benefit from higher tax credits under the new law signed on July 4. Boosted funding supports INTC's IDM 2.0 plan and U.S. expansion in Arizona, Ohio, Oregon and New Mexico. INTC is mulling to shift focus to 14A production to strengthen its foundry position and streamline operations.With tax credits for semiconductor firms rising to 35% from the existing 25% slab, the new tax bill (dubbed as the ‘One Big Beautiful Bill’) that President Trump signed into law on July 4 has seemi ...

Key Takeaways INTC is exiting its automotive business and laying off 15-20% of its global workforce to reduce expenses. The job cuts impact over 100 roles at HQ, including senior engineers and tech leads in CPU and GPU design. Intel aims to streamline operations and bolster research and development for its core IDM 2.0 manufacturing.Intel Corporation (INTC) is reportedly winding up its automotive architecture business and laying off a significant number of employees as part of its broader restructuring pr ...