Intel's shares climbed in early trading Tuesday after the chipmaker confirmed additional job cuts aimed at reducing costs and restructuring its data center business.
The semiconductor giant is moving forward with workforce reductions beyond its previously announced layoffs as part of a broader cost-cutting initiative. The company plans to reorganize its data center division, a critical revenue segment facing intense competition from rivals like AMD and emerging AI chip specialists.
Investors responded positively to the announcement, viewing the aggressive cost measures as necessary steps to improve operational efficiency and financial performance. Intel has been under pressure to streamline operations amid slowing PC demand and competition in the lucrative data center market.
The company has not yet disclosed specific headcount numbers or timeline for the new cuts. Intel's data center segment remains a key growth area, but the division has faced challenges in maintaining market share against competitors offering advanced chip architectures.
The move signals Intel's commitment to addressing structural inefficiencies and returning to profitability as it navigates a competitive landscape increasingly shaped by artificial intelligence demand.
The Trump administration unveiled arcade.gov, a website featuring two browser-based games: a deportation-themed Snake clone and a wall-building game mimicking Tetris mechanics. Tetris Company has signaled it takes intellectual property infringement seriously.
A prominent tech voice critiques the state of technical content and reader engagement in modern software development. The piece has sparked substantive discussion in developer communities about how technical knowledge is shared and consumed.
Apple's iOS 27 will introduce iPhone Handoff, a feature enabling users to share a single phone number across two iPhones by designating one as the main device and the other as a companion.
A federal court has barred the use of "Twitter" as a brand name, but cleared the way for "tweet" and the bird logo. The company is now operating under the domain Tweet.app.