Intel

Move comes with Intel expected to lay off hundreds of workers at Irish operation

Site-clearing had already begun at giant new site for the troubled chipmaker

AWS win is boost for Pat Gelsinger’s plan to turn around embattled chip company

From bumper corporate tax receipts to job losses at a major multinational it has been an ever eventful week in the life of the Irish economy

Research shows firms deleted from indices often perform better

Base for those currently working in Co Clare operation to be moved to Leixlip or abroad but no additional redundancies expected

Senior departures and plunging share price hit chief executive Pat Gelsinger’s plans for company turnaround

The best news, analysis and comment from The Irish Times business desk

Deadline for redundancy applications is today

Chip giant confirms departure terms alongside details of other cuts to work benefits for those who stay

Chip manufacturer received a further €2.5m in IDA supports, as Irish-based staff await details of redundancy scheme

Chipmaker seeking to slash costs as company struggles

Onetime part of the dotcom’s ‘four horsemen’, chipmaker is now trailing rivals and betting the house on foundry plan

Intel’s struggles, doubts over potential of AI and Google’s humbling in federal antitrust suit all point to a potential inflection point for the sector

Mounting losses put pressure on investor sentiment as the company looks to leapfrog Samsung

Chipmaker plans to cut 16,500 posts globally but impact on 4,900 employees in Ireland not yet clear

Financials and tech stocks worst hit as indices show a sea of red

Chip giant undershoots profit and sales forecasts for second quarter and disappoints in outlook

Workforce reduction may be announced as early as this week

Geopolitical tensions, economic caution and a downgraded IMF forecast behind drop, William Fry report finds

Silicon Valley chipmaker has invested in more than 40 Chinese start-ups while also receiving billions in US grants

Directors agreed to pay dividend of €20m to Irish firm’s European parent

Iseq index adds 1.5% amid big moves for banks and homebuilders

The chipmaker’s brief reign as the world’s most valuable company is a sign of the times for the emerging technology

Analyst reckons AI is in the early stages of an investment bubble and says internet bubble of the 1990s is a cautionary tale

All eyes on European Central Bank with interest rate cut widely expected

Company has been struggling to play catch-up in AI chips arms race currently led by Nvidia

The Fab 34 facility opened in September and investment is ongoing

Deal frees up cash to allow chipmaker expand capacity globally while investor gets access to asset

The State risks losing out as a bidding war breaks out for major projects between the big countries, including huge subsidies for US companies to encourage them to invest at home

Intel’s shares have lost more than half their value in recent years

Cold War was a ‘cakewalk’ compared to the complexities of the current situation, says expert

Seen & Heard: Quintain in Land Development Agency deal, tech giants call for research cash, and finance bill deters EIIS backers

Intel is selling a stake in its Irish plant - how much of the money is invested here will be an indication of whether Ireland’s appeal is waning

Inside Business podcast with Ciarán Hancock

US multinational has spent the past year talking to private capital groups about potential financing options

Minister for Finance Michael McGrath declined to comment on ‘a particular deal’ until it is finalised

Discussions come as private capital groups are increasingly tapped by large corporations to fund expansions

Patrick Byrne seeks various injunctions against the employer including an order restraining his dismissal and the stopping of his salary and benefits

More than halfway through its incentives spending, the US will have far greater scope to manage shocks