Intel reportedly chips away at fab workforce – but hey, maybe there's a tax break coming

Layoffs loom at Foundry biz despite CHIPS Act relief on the horizon Intel is reportedly set to shed 15 to 20 percent of its fabrication plant staff from next month, blaming company finances for the move, but the chip giant may get a boost from increased tax credits in a draft bill passing through the US Senate.…

Jun 17, 2025 - 23:50
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Intel reportedly chips away at fab workforce – but hey, maybe there's a tax break coming

Layoffs loom at Foundry biz despite CHIPS Act relief on the horizon

Intel is reportedly set to shed 15 to 20 percent of its fabrication plant staff from next month, blaming company finances for the move, but the chip giant may get a boost from increased tax credits in a draft bill passing through the US Senate.…