Intel scraps Innovation Expo as cash-strapped company makes cuts

Signage outside Intel headquarters in Santa Clara, California, US, on Monday, Jan. 30, 2023. Intel Corp. fell the most since July after giving one of the gloomiest quarterly forecasts in its history. --

The chipmaker plans to focus on other gatherings, such as webinars, hackathons and the Intel AI Summit, in lieu of the Innovation conference, the company said Friday in an emailed statement. The move follows a rocky earnings report last week, when Intel delivered a disappointing sales forecast and cut its dividend. The company also plans to eliminate 15 per cent of its workers — a sign that a comeback under Chief Executive Officer Pat Gelsinger is still far off.

The annual Innovation event was part of a push by Gelsinger to restore Intel’s technological edge and influence. It was modeled on a longtime conference called the Intel Developer Forum that once set the direction for the computer industry.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Brookfield Corp. reports US$2.13B in Q2 distributable earnings, up from a year agoTORONTO — Brookfield Corp. reported distributable earnings of US$2.13 billion in its latest quarter, up from US$1.19 billion in the same quarter last year. The investment firm, which keeps its books in U.S. dollars, says the result amounted to US$1.
La source: SooToday - 🏆 8. / 85 Lire la suite »

Monster Beverage Corp. stock falls on Q2 earnings missShares of Monster Beverage Corporation (MNST) are slipping after the energy drink company missed its second quarter earnings estimates, citing lower consumer...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »