Intel shares sank 8% on Friday after the company warned of exiting chip manufacturing if it fails to secure a major customer, a potentially drastic move by the new CEO to cut spending and revive the struggling American icon.

Intel has already shifted its Edge business into its Client Computing Group (CCG), while its NEX unit was dismantled, with its networking elements integrated into both CCG and Data Center and Artificial Intelligence group (DCAI). The NEX unit had previously been floated as a potential divestiture.

Intel Corp. is shedding thousands of workers and cutting expenses as its new CEO works to revive the struggling chipmaker's fortunes.

Intel CEO Lip-Bu Tan, in comments delivered alongside his company’s second quarter earnings report, brought some clarity to Intel’s near-term manufacturing plans, but the big picture rema | Much of Intel's future plans around its foundry and AI strategies will depend on customer commitments and enabling "best customer outcomes.

Time to 'reimagine' it as a gateway, a gateway to inner peace, er, sales With three months to go until Microsoft ends support for Windows 10, Dell and Intel want to convince corporate buyers that upgrading their PC fleet is a virtue and not a necessity.

Artificial intelligence companies are largely cheering President Trump’s “AI Action Plan” issued this week — no surprise, since it reduces regulations to make it easier for them to make money.

Intel is planning to separate its networking and communications unit into a stand-alone company and has begun the process of identifying investors, the chipmaker said on Friday, as new CEO Lip-Bu Tan looks to streamline its operations.

Intel on Thursday confirmed its plan to spin off its Network and Edge Group in a memo to customers and said it will seek outside investment for the business unit.