Intel is discontinuing its automotive processor division, announcing significant layoffs and a strategic shift toward its core client and data center portfolios. Despite prior investments in AI-enhanced automotive chips and the acquisition of Mobileye, Intel's recent memo confirms the winding down of the automotive business to ensure a smooth transition for customers. CEO Lip-Bu Tan emphasized the need for workforce reductions across various departments, including the foundry business, highlighting ongoing adjustments to improve the company's operational focus and financial health.
Intel is ceasing its automotive processor business, laying off most of the division's employees and redirecting focus on its core client and data center portfolio.
In a memo, Intel confirmed plans to wind down its automotive business within the client computing group, emphasizing a smooth transition for customers.
Despite investing heavily in the automotive sector and announcing advanced AI chips, Intel shifts its strategy amid workforce reductions to strengthen its primary business areas.
Intel's CEO indicated workforce size reductions are necessary to realign the company with its core operations, impacting various divisions including the automotive sector.
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