Hello and welcome to today’s tech brief. Intel is preparing to cut 15 to 20 percent of its foundry workforce, potentially impacting more than 10,000 factory workers worldwide. Naga Chandrasekaran, head of Intel Foundry, told staff these reductions are “necessary to address cost-related challenges and the company’s financial position.” He added that cuts will be guided by business priorities, individual evaluations, and decisions about which projects to fund.

With roughly half of Intel’s 108,900 employees in production roles, a 15 to 20 percent reduction translates to between 8,170 and 10,890 factory positions. Intel says it won’t offer buyouts or voluntary departures this year, opting instead for selective terminations to retain top talent. Key engineers and skilled EUV technicians are expected to stay, while roles made redundant by automation may be eliminated.

Meanwhile, Intel’s $7.9 billion in CHIPS Act funding faces uncertainty under the new administration, and Oregon’s $115 million subsidy hinges on future hiring and revenue targets. That’s our update—thanks for listening.
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