News Summary

• Intel Corporation has announced financial data for the second quarter of FY2025, ending on 28th June 2025.
• Revenue was flat for another quarter, when compared year-on-year to FY2024, at $12.9 billion.
• Gross margin declined, while expenses pushed the business into a $3.2 billion loss for the period.
• Intel indicated that fab projects in Germany and Poland have been cancelled.
• Some consolidation of overseas sites will occur, with assembly and test operations moving from Costa Rica to Vietnam and Malaysia.
• Staff cuts continue, with a target of 75,000 total employees by year end.