Intel is discontinuing its automotive processor division, leading to significant layoffs within that segment. This strategic shift is part of a broader initiative to streamline operations and concentrate resources on core businesses, including client computing and data centers. The decision was communicated internally, signaling a complete wind-down of the automotive vertical. Intel has stated its commitment to fulfilling existing commitments in the automotive sector before fully exiting the market. While the exact number of affected employees remains undisclosed, the impact is expected to be substantial. Despite this pullback, Intel retains a majority stake in Mobileye, its self-driving technology subsidiary, which is currently unaffected by these changes. Furthermore, the company is implementing additional cost-cutting measures, including outsourcing marketing and potential layoffs in manufacturing, under the direction of the new CEO.
