Benzinga
Benzinga
  • 2 weeks ago
Intel's shares surged 7% in extended trading on Thursday after the company reported stronger-than-anticipated earnings and quarterly guidance above estimates. The chipmaker is executing significant restructuring initiatives, including a planned workforce reduction of over 16,000 employees by Q4 2025 and a reduction in real estate assets. The company announced plans to establish its foundry business as an independent subsidiary, creating alternative funding avenues.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Intel shares surged 7% in extended trading on Thursday after the company reported stronger
00:07than anticipated earnings and quarterly guidance above estimates. The chipmaker is executing
00:12significant restructuring initiatives, including a planned workforce reduction of over 16,000
00:17employees by Q4 2025 and a reduction in real estate assets. The company announced plans to
00:24establish its foundry business as an independent subsidiary, creating alternative funding avenues.
00:29For all things money, visit Benzinga.com slash GSTV.

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