Lip-Bu Tan

Money Moves

Leading Intel's restructuring since 2025

Intel's July layoff notices, covering 103 workers across four Santa Clara facilities, took effect August 15. In September, Intel filed four more WARN notices covering 52 workers across four Santa Clara sites, effective September 30, bringing its total to 31 WARN notices covering 1,475 workers since July 2025.

Updated Oct 16

New Capabilities

EPIC founding partner representative

Applied Materials opened a $5 billion research complex in Sunnyvale, California, where the world's biggest chipmakers will work side by side on AI chip technology. The Equipment and Process Innovation and Commercialization (EPIC) Center is the largest facility built for collaborative semiconductor R&D. Applied says the goal is to cut the path from lab breakthrough to commercial production from 10-12 years to as little as six.

Updated Oct 16

Built World

As of July 2026: Leading Intel's cost cuts and its narrowed European strategy

Intel committed €5 billion to expand its chip factory in Leixlip, Ireland. The money scales up production of server chips for artificial intelligence, and it lands a year after Intel scrapped a larger €30 billion plant in Germany.

Updated Jul 14

Built World

As of June 2026: Leading Intel's turnaround and foundry push

For almost two decades, the most advanced chips inside iPhones and Macs have been etched in Taiwan. On June 18, 2026, President Trump said Apple has agreed to design and build some of those chips with Intel, on U.S. soil.

Updated Jun 18

Money Moves

As of May 2026: Delivering on 'execution year' promise; 18A in high-volume production, multiple marquee foundry customers secured in April 2026

Intel's foundry strategy has shifted from a single Apple deal to a growing roster of major chip buyers in weeks. In early April 2026, Intel signed on as primary foundry partner for Terafab, a $25 billion AI chip venture backed by Tesla, SpaceX, and xAI.

Updated May 30

New Capabilities

As of May 2026: CEO steering Intel through volatile launch as 18A achieves technical milestones but faces manufacturing challenges

Intel just shipped its first client processors built on 18A, the most advanced semiconductor process ever made in America. The Core Ultra Series 3 chips, unveiled January 5 at CES 2026, went on sale globally January 27 with over 200 PC designs, offering 60% faster performance and 27-hour battery life.

Updated May 19

Rule Changes

As of May 2026: Leading Intel's foundry push at CES 2026 while facing intensifying scrutiny over past ACM investment and current tool evaluation

Intel is racing to regain its chipmaking crown with a 14A process backed by billions in U.S. subsidies. In mid-December 2025, Reuters revealed the company had been test-driving critical tools from ACM Research, a China-rooted equipment maker whose Shanghai and Korean units sit on a U.S. export blacklist.

Updated May 15