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'A Bit of Austerity:' Intel CEO Plans to Tighten Belt Following Rough Second Quarter

Intel is searching for cost-saving alternatives following a rough second quarter. The chip giant's CEO Pat Gelsinger told investors last week that he has exited six businesses since taking over as CEO in 2021, and that the company has recently exited its drone business.  ....

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'A Bit of Austerity:' Intel CEO Plans to Tighten Belt Following Rough Second Quarter

'A Bit of Austerity:' Intel CEO Plans to Tighten Belt Following Rough Second Quarter
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Buttigieg pressed to drop support for California high-speed rail

Referring to the $105 billion California high-speed rail plan, transportation Secretary Pete Buttigieg said the administration continues “to want that project, as we want any project, to succeed.” ....

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