Intel has decided to close down its automotive business, a decision that will lead to layoffs.
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Rumors of these layoffs began back in April as Intel looks to refocus on its core business units and shed additional bloat.
Intel cancelled multiple manufacturing projects in Europe and delayed its Ohio chip plant for the second time this year.
Intel also announced the creation of a central engineering group that will build custom chips for outside customers.
Some of the positions focus on AI-native development, data engineering and analytics, cloud-based engineering, and agent and…
The U.S. government's recent stake in Intel comes after a long period of floundering at the company's foundry business.
Alphabet's life sciences arm Verily laid off staff and eliminated its entire devices program as AI and data infrastructure take…
