Editing Intel (section)

===Renewed competition and other developments (2018–present)===
Due to Intel's issues with its 10&nbsp;nm process node and the company's slow processor development,<ref name=":4" /> the company now found itself in a market with intense competition.<ref>{{cite web|last=Jennewine|first=Trevor|date=January 15, 2021|title=Why Intel's Competitive Edge Is Crumbling|url=https://www.fool.com/investing/2021/01/15/why-intels-competitive-edge-is-crumbling/|access-date=April 9, 2021|website=The Motley Fool|language=en|archive-date=April 16, 2021|archive-url=https://web.archive.org/web/20210416001829/https://www.fool.com/investing/2021/01/15/why-intels-competitive-edge-is-crumbling/|url-status=live}}</ref> The company's main competitor, AMD, introduced the [[Zen (microarchitecture)|Zen]] microarchitecture and a new [[chiplet]]-based design to critical acclaim. Since its introduction, AMD, once unable to compete with Intel in the high-end CPU market, has undergone a resurgence,<ref>{{cite web|last=Morgan|first=Timothy Prickett|date=June 20, 2017|title=Competition returns to x86 servers in epyc fashion|url=https://www.nextplatform.com/2017/06/20/competition-returns-x86-servers-epyc-fashion/|access-date=May 9, 2021|archive-date=May 9, 2021|archive-url=https://web.archive.org/web/20210509203701/https://www.nextplatform.com/2017/06/20/competition-returns-x86-servers-epyc-fashion/|url-status=live}}</ref> and Intel's dominance and market share have considerably decreased.<ref>{{cite web|last=Thompson|first=Ben|date=January 19, 2021|title=Intel Problems|url=https://stratechery.com/2021/intel-problems/|access-date=April 8, 2021|website=Stratechery by Ben Thompson|language=en-US|archive-date=April 7, 2021|archive-url=https://web.archive.org/web/20210407090137/https://stratechery.com/2021/intel-problems/|url-status=live}}</ref> In addition, Apple began to transition away from the x86 architecture and Intel processors to their own [[Apple silicon]] for their Macintosh computers in 2020. The transition is expected to affect Intel minimally; however, it might prompt other PC manufacturers to reevaluate their reliance on Intel and the x86 architecture.<ref name="Bloomberg1">{{cite news|last1=Gurman|first1=Mark|date=June 9, 2020|title=In a first, Apple plans to shift to its own processors to power new Mac computers|work=[[Fortune (magazine)|Fortune]]|agency=[[Bloomberg News|Bloomberg]]|url=https://fortune.com/2020/06/09/in-a-first-apple-plans-to-shift-to-its-own-processors-to-power-new-mac-computers/|access-date=June 22, 2020|archive-date=December 7, 2020|archive-url=https://web.archive.org/web/20201207034336/https://fortune.com/2020/06/09/in-a-first-apple-plans-to-shift-to-its-own-processors-to-power-new-mac-computers/|url-status=live}}</ref><ref name="Jean-Louis Gassée, 2020.06.21">{{cite news|last1=Gassée|first1=Jean-Louis|date=June 21, 2020|title=ARM Mac Impact On Intel|publisher=Monday Note|url=https://mondaynote.com/arm-mac-impact-on-intel-9641a8e73dca|access-date=June 23, 2020|archive-date=June 22, 2020|archive-url=https://web.archive.org/web/20200622054518/https://mondaynote.com/arm-mac-impact-on-intel-9641a8e73dca|url-status=live}}</ref>

===='IDM 2.0' strategy====
On March 23, 2021, CEO Pat Gelsinger laid out new plans for the company.<ref>{{cite web|last=Thompson|first=Ben|date=March 24, 2021|title=Intel Unleashed, Gelsinger on Intel, IDM 2.0|url=https://stratechery.com/2021/intel-unleashed-gelsinger-on-intel-idm-2-0/|access-date=April 8, 2021|website=Stratechery by Ben Thompson|language=en-US|archive-date=April 7, 2021|archive-url=https://web.archive.org/web/20210407235436/https://stratechery.com/2021/intel-unleashed-gelsinger-on-intel-idm-2-0/|url-status=live}}</ref> These include a new strategy, called IDM 2.0, that includes investments in manufacturing facilities, use of both internal and external foundries, and a new foundry business called Intel Foundry Services (IFS), a standalone business unit.<ref>{{cite news|title=Intel Unleashed: New Fabs, Tick-Tock Returns, Biggest Overhaul in Decades – ExtremeTech|url=https://www.extremetech.com/computing/321162-intel-unleashed-new-fabs-tick-tock-returns-biggest-overhaul-in-decades|access-date=April 8, 2021|newspaper=Extremetech|date=March 24, 2021|last1=Hruska|first1=Joel|archive-date=March 31, 2021|archive-url=https://web.archive.org/web/20210331135144/https://www.extremetech.com/computing/321162-intel-unleashed-new-fabs-tick-tock-returns-biggest-overhaul-in-decades|url-status=live}}</ref><ref>{{cite web|last=Manners|first=David|date=March 24, 2021|title=Intel Unleashed|url=https://www.electronicsweekly.com/news/business/intel-unleashed-2021-03/|access-date=April 8, 2021|website=Electronics Weekly|language=en|archive-date=March 26, 2021|archive-url=https://web.archive.org/web/20210326112128/https://www.electronicsweekly.com/news/business/intel-unleashed-2021-03/|url-status=live}}</ref> Unlike Intel Custom Foundry, IFS will offer a combination of packaging and process technology, and Intel's IP portfolio including x86 cores. Other plans for the company include a partnership with [[IBM]] and a new event for developers and engineers, called "Intel ON".<ref name=":1" /> Gelsinger also confirmed that Intel's 7&nbsp;nm process is on track, and that the first products using their 7&nbsp;nm process (also known as Intel 4) are [[Intel Xe#Ponte Vecchio|Ponte Vecchio]] and [[Meteor Lake]].<ref name=":1" />

In January 2022, Intel reportedly selected [[New Albany, Ohio]], near [[Columbus, Ohio]], as the site for a major new manufacturing facility.<ref>{{cite web|last=Williams|first=Mark|title=Intel picks Greater Columbus for $20 billion semiconductor factory to employ 3,000 workers|url=https://www.dispatch.com/story/business/2022/01/14/factory-built-land-annexed-into-new-albany/6524507001/|date=January 14, 2022|website=The Columbus Dispatch|language=en-US |archive-url=https://web.archive.org/web/20220115003031/https://www.dispatch.com/story/business/2022/01/14/factory-built-land-annexed-into-new-albany/6524507001/ |archive-date=January 15, 2022 |url-status=live}}</ref> The facility will cost at least $20 billion.<ref>{{cite news |last1=Clark |first1=Don |title=Intel to Invest at Least $20 Billion in New Chip Factories in Ohio |url=https://www.nytimes.com/2022/01/21/technology/intel-chip-factories-ohio.html |access-date=January 21, 2022 |work=The New York Times |date=January 21, 2022 |archive-date=January 21, 2022 |archive-url=https://web.archive.org/web/20220121211418/https://www.nytimes.com/2022/01/21/technology/intel-chip-factories-ohio.html |url-status=live }}</ref> The company expects the facility to begin producing chips by 2025.<ref>{{cite news |last1=King |first1=Ian |title=Intel's $20 Billion Ohio Chip Hub Will Be World's Largest |url=https://www.bloomberg.com/news/articles/2022-01-21/intel-plans-to-spend-20-billion-on-ohio-chipmaking-hub?sref=CIpmV6x8 |access-date=January 21, 2022 |work=www.bloomberg.com |date=January 20, 2022 |archive-date=January 21, 2022 |archive-url=https://web.archive.org/web/20220121211636/https://www.bloomberg.com/news/articles/2022-01-21/intel-plans-to-spend-20-billion-on-ohio-chipmaking-hub?sref=CIpmV6x8 |url-status=live }}</ref> The same year Intel also choose [[Magdeburg]], [[Germany]], as a site for two new chip mega factories for €17 billion (topping [[Tesla, Inc.|Tesla]]'s [[Gigafactory Berlin-Brandenburg|investment]] in [[Brandenburg]]). The start of the construction was initially planned for 2023, but this has been postponed to late 2024, while the production start is scheduled for 2027.<ref>{{Cite web |last= |title=Intel: Baubeginn in Magdeburg Ende 2024 |url=https://www.mdr.de/nachrichten/sachsen-anhalt/magdeburg/magdeburg/intel-chipfabrik-spatenstich-ende-zwanzig-vierundzwanzig-102.html |access-date=February 6, 2024 |website=www.mdr.de |language=de |archive-date=February 6, 2024 |archive-url=https://web.archive.org/web/20240206014656/https://www.mdr.de/nachrichten/sachsen-anhalt/magdeburg/magdeburg/intel-chipfabrik-spatenstich-ende-zwanzig-vierundzwanzig-102.html |url-status=live }}</ref> Including subcontractors, this would create 10,000 new jobs.<ref>[https://www.rnd.de/politik/magdeburg-intel-will-zwei-ultramoderne-chipfabriken-bauen-lassen-JSVE6LOOWNAJJGXOTVOXLEKX74.html Ausgerechnet Magdeburg: Wie Intel eine ganze Region verändern wird] {{Webarchive|url=https://web.archive.org/web/20220702120723/https://www.rnd.de/politik/magdeburg-intel-will-zwei-ultramoderne-chipfabriken-bauen-lassen-JSVE6LOOWNAJJGXOTVOXLEKX74.html |date=July 2, 2022 }} on [[RedaktionsNetzwerk Deutschland]]</ref>

In August 2022, Intel signed a $30{{nbsp}}billion partnership with [[Brookfield Asset Management]] to fund its recent factory expansions. As part of the deal, Intel would have a controlling stake by funding 51% of the cost of building new chip-making facilities in Chandler. Brookfield owns the remaining 49% stake, allowing the companies to split the revenue from those facilities.<ref>{{cite news |url=https://www.wsj.com/articles/intel-inks-30-billion-funding-partnership-with-brookfield-to-finance-chip-factory-expansion-11661254261|title=Intel Signs $30 Billion Funding Partnership With Brookfield to Finance Chip-Factory Expansion |date=August 23, 2022 |work=[[The Wall Street Journal]] |first=Asa |last=Fitch |url-access=subscription |archive-url=https://web.archive.org/web/20220824052759/https://www.wsj.com/articles/intel-inks-30-billion-funding-partnership-with-brookfield-to-finance-chip-factory-expansion-11661254261 |archive-date=August 24, 2022 |url-status=live|access-date=August 24, 2022 }}</ref><ref>{{cite news |url=https://www.ft.com/content/0a9a5439-391f-4689-bd5a-775c21dea026 |archive-url=https://ghostarchive.org/archive/20221210/https://www.ft.com/content/0a9a5439-391f-4689-bd5a-775c21dea026 |archive-date=December 10, 2022 |url-status=live |title=Intel seals $30bn partnership with Brookfield to fund chip factories |date=August 23, 2022 |work=[[Financial Times]] |url-access=limited |first1=Antoine |last1=Gara |first2=Anna |last2=Gross}}</ref>

On January 31, 2023, as part of $3 billion in cost reductions, Intel announced pay cuts affecting employees above midlevel, ranging from 5% upwards. It also suspended bonuses and merit pay increases, reducing retirement plan matching. These cost reductions followed layoffs announced in the fall of 2022.<ref>{{cite news |last1=Rogoway |first1=Mike |title=Intel slashes wages, bonuses after disastrous quarterly results |url=https://www.oregonlive.com/silicon-forest/2023/02/intel-slashes-wages-bonuses-after-disastrous-quarterly-results.html |access-date=February 1, 2023 |work=The Oregonian |date=January 31, 2023 |archive-date=February 1, 2023 |archive-url=https://web.archive.org/web/20230201044107/https://www.oregonlive.com/silicon-forest/2023/02/intel-slashes-wages-bonuses-after-disastrous-quarterly-results.html |url-status=live }}</ref>

In October 2023, Intel confirmed it would be the first commercial user of [[Extreme ultraviolet lithography|high-NA EUV lithography]] tool, as part of its plan to regain process leadership from [[TSMC]].<ref>{{Cite web |last=Intel Corporation |title=Intel Reports Third-Quarter 2023 Financial Results |url=https://d1io3yog0oux5.cloudfront.net/_68614b7f1d0de99bd7f726f92c573cc8/intel/db/887/8973/earnings_release/Q3+23+EarningsRelease.pdf |access-date=November 19, 2023 |archive-date=November 19, 2023 |archive-url=https://web.archive.org/web/20231119214806/https://d1io3yog0oux5.cloudfront.net/_68614b7f1d0de99bd7f726f92c573cc8/intel/db/887/8973/earnings_release/Q3+23+EarningsRelease.pdf |url-status=live }}</ref>

In December 2023, Intel unveiled Gaudi3, an [[artificial intelligence]] (AI) chip for [[generative AI]] software which will launch in 2024{{Update inline|date=January 2025}} and compete with rival chips from Nvidia and AMD.<ref>{{Cite web |last=Leswing |first=Kif |date=December 14, 2023 |title=Intel unveils new AI chip to compete with Nvidia and AMD |url=https://www.cnbc.com/2023/12/14/intel-unveils-gaudi3-ai-chip-to-compete-with-nvidia-and-amd.html |access-date=December 15, 2023 |website=CNBC |archive-date=December 15, 2023 |archive-url=https://web.archive.org/web/20231215060332/https://www.cnbc.com/2023/12/14/intel-unveils-gaudi3-ai-chip-to-compete-with-nvidia-and-amd.html |url-status=live }}</ref> On June 4, 2024, Intel announced AI chips for data centers, the Xeon 6 processor, aiming for better performance and power efficiency compared to its predecessor. Intel's Gaudi 2 and Gaudi 3 [[AI accelerator|AI accelerators]] were revealed to be more cost-effective than competitors' offerings. Additionally, Intel disclosed architecture details for its [[Lunar Lake]] processors for AI PCs,<ref>{{cite news|title=Intel unveils new AI chips as it seeks to reclaim market share from Nvidia and AMD |date=June 4, 2024 |url=https://www.cnbc.com/2024/06/04/intel-unveils-new-ai-chips-as-it-seeks-to-take-on-nvidia-and-amd.html |archive-url=https://web.archive.org/web/20240604122852/https://www.cnbc.com/2024/06/04/intel-unveils-new-ai-chips-as-it-seeks-to-take-on-nvidia-and-amd.html |archive-date=June 4, 2024 |access-date=June 4, 2024}}</ref> which were released on September 24, 2024. 

In August 2024, after posting $1.6 billion in losses for Q2, Intel announced that it intends to cut 15,000 jobs to save $10 billion in 2025.<ref>{{cite news |last1=King |first1=Ian |title=Intel Shares Fall by Most Since at Least 1982 on Grim Forecast |url=https://www.bloomberg.com/news/articles/2024-08-01/intel-says-revenue-will-fall-short-of-expectations-cuts-jobs |access-date=August 3, 2024 |work=Bloomberg |date=August 1, 2024}}</ref> In order to reach this goal, the company will offer early retirement and voluntary departure options.<ref>{{Cite web |last=Ortutay |first=Barbara |date=August 1, 2024 |title=Chipmaker Intel to cut 15,000 jobs as tries to revive its business and compete with rivals |url=https://apnews.com/article/intel-chip-ai-job-cuts-layoffs-loss-e61781e9364b69af63481c34ca5dcd67 |access-date=August 2, 2024 |website=AP News}}</ref>

On November 1, 2024, it was announced that Intel will drop out of the [[Dow Jones Industrial Average]] on November 8 prior to the stock market open, with [[Nvidia]] taking its place.<ref>{{cite web |url=https://www.reuters.com/technology/nvidia-replace-intel-dow-jones-industrial-average-2024-11-01 |title=Nvidia to take Intel's spot on Dow Jones Industrial Average |first=Arsheeya |last=Bajwa |work=Reuters |date=November 1, 2024 |access-date=January 13, 2025}}</ref><ref>{{cite web |url=https://www.cnbc.com/2024/11/01/nvidia-to-join-dow-jones-industrial-average-replacing-intel.html |title=Nvidia to join Dow Jones Industrial Average, replacing rival chipmaker Intel |work=CNBC |last=Leswing |first=Kif |date=November 1, 2024 |access-date=January 13, 2025}}</ref>

In December 2024, Intel's CEO Pat Gelsinger was ousted amid ongoing struggles to revitalize the company, which has seen a significant decline in stock value during his tenure. Gelsinger's resignation, effective December 1, followed a board meeting where directors expressed dissatisfaction with the slow progress of his ambitious turnaround strategy. Despite efforts to enhance Intel's manufacturing capabilities and compete with rivals like AMD and Nvidia, the company faced mounting challenges, including a $16.6 billion loss and a 60% drop in share prices since Gelsinger's appointment in 2021. After his departure, Intel appointed David Zinsner and Michelle Johnston Holthaus interim co-CEOs while searching for a permanent successor. Gelsinger's exit underscored the turmoil at Intel as it grappled with its identity crisis and sought to regain its semiconductor industry position.<ref>{{Cite web |last=Maruf |first=Ramishah |date=December 3, 2024 |title=Ousted Intel CEO Pat Gelsinger is leaving the company with millions {{!}} CNN Business |url=https://www.cnn.com/2024/12/03/business/intel-ceo-gelsinger-ten-million-dollars/index.html |access-date=December 5, 2024 |website=CNN }}</ref><ref>{{Cite news |date=December 2, 2024 |title=Intel CEO Forced Out by Board Frustrated With Slow Progress |url=https://www.bloomberg.com/news/articles/2024-12-02/intel-ceo-pat-gelsinger-retires-amid-chipmaker-s-turnaround-plan |access-date=December 5, 2024 |work=Bloomberg}}</ref><ref>{{Cite web |title=Intel Announces Retirement of CEO Pat Gelsinger |date=December 2, 2024 |url=https://www.intel.com/content/www/us/en/newsroom/news/intel-ceo-news-dec-2024.html#gs.iedq3k |access-date=December 5, 2024 |publisher=Intel}}</ref> 

On March 13, 2025, Intel announced the appointment of [[Lip-Bu Tan]] as their new CEO, effective March 18, after 4 months of having interim co-CEOs.<ref>{{Cite web |date=2025-03-12 |title=Intel hires former board member as new CEO in struggling chipmaker's latest comeback attempt |url=https://apnews.com/article/intel-new-ceo-lipbu-tan-chips-efcf8ab220b5927783924dd316cb4575 |access-date=2025-03-13 |website=AP News |language=en}}</ref>