Reported 2 months ago
Intel Corp. has postponed its upcoming Innovation Expo in San Jose as part of cost-reduction efforts aimed at preserving its dwindling cash reserves. The chip giant is redirecting its focus toward other events like webinars and the Intel AI Summit, following a disappointing earnings report and the decision to lay off 15% of its workforce. This move demonstrates ongoing struggles under CEO Pat Gelsinger to reclaim the company's technological leadership.
Source: YAHOO