Wolfspeed's board has announced the dismissal of CEO Gregg Lowe, effective at the end of November. Lowe, who has led the semiconductor company since 2017, will be replaced by Board...
Despite recording over US$1 billion in profits during the third quarter of 2023 and thriving in the AI market with double-digit growth, AMD recently announced a 4% workforce reduction,...
Europe's automotive sector is facing sweeping changes, marked by mass layoffs and factory closures, with Germany's top automakers—Volkswagen AG, BMW, and Mercedes-Benz—feeling...
Following recent layoffs at its Hillsboro, Oregon research facility, Intel is reportedly planning to cut hundreds of employees across its research centers in Israel. The company's...
Hikvision, a leading global manufacturer of security equipment provider sanctioned by the US, has been reported to be implementing large-scale layoffs. However, the company has denied...
Samsung is reportedly planning significant global job cuts, with its Indian operations expected to be among the first affected. The company is grappling with challenges in its semiconductor...
Panram International, a Taiwan-based memory module contract manufacturer, announced plans to lay off about 250 employees, nearly half of its total workforce, from its contract manufacturing...
Despite the generative AI boom, uncertainty looms over the automotive, consumer mobile, and PC markets, leading to layoffs at major U.S. and European semiconductor companies like...
Following the recent revelation that IBM had closed the intranet access for employees in its Chinese research and development and testing departments, on the morning of August 26,...
Intel's underwhelming second-quarter 2024 financial results have prompted the company to announce plans to cut 15% of its workforce, approximately 15,000 employees, aiming to save...
Due to weaker-than-expected demand for electric vehicles (EVs), many traditional Tier 1 suppliers in Europe and the US have undergone significant restructuring in recent years.
In his 42 months as CEO of Intel, Pat Gelsinger recently issued an internal memo announcing layoffs, sharply criticizing Intel's deep-seated issues. He stated that Intel's "costs...
Since taking the helm in February 2021, Intel CEO Pat Gelsinger has grappled with mounting losses at the company's foundry division. A critical challenge is establishing Intel Foundry...
Intel has unveiled a cost reduction plan involving significant layoffs, substantial cuts in operating expenses, and a sharp reduction in capital expenditures (capex). The announcement...
