Intel is closing its automotive efforts and laying off the majority of the team involved, aligning with CEO Lip-Bu Tan's focus on cost-cutting. The company, which has been involved in the car industry for nearly 50 years, is shifting its emphasis back to its core client and data center business. Despite significant investments in automotive technologies, including a $15 billion acquisition of Mobileye, Intel has decided to wind down its automotive operations while promising to support remaining commitments and ensure a smooth transition for customers and affected employees.
Intel stated, "As we have said previously, we are refocusing on our core client and data center portfolio to strengthen our product offerings and meet the needs of our customers."
The decision to wind down the automotive business was confirmed, with Intel reaffirming its commitment to facilitate a smooth transition for customers and to support affected employees.
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