Intel prepares to release second-quarter results
Intel is set to report its second-quarter earnings on July 22, 2026, with investors watching for fresh signals on the chipmaker's ongoing turnaround efforts. According to Yahoo Finance, broader chip stocks have bounced off recent losses heading into the release, framing market sentiment around the report. The earnings come as analysts and shareholders scrutinize the company's strategy under CEO Lip-Bu Tan.
Restructuring continues with data center layoffs
Business Insider reported on July 21, 2026 that Intel is planning layoffs within its data center group. The move is part of the company's broader restructuring as it seeks to streamline operations and refocus resources on priority areas of its semiconductor business.
Foundry business lands Fortinet as first named customer
CNBC reported on July 21, 2026 that Intel's foundry segment has secured its first publicly named customer under CEO Lip-Bu Tan, with cybersecurity firm Fortinet signing on for security chips. The agreement marks a milestone for Intel's foundry ambitions, which have been a central plank of Tan's turnaround strategy and a key test of the unit's external competitiveness.
Fortinet collaboration on cybersecurity and supply chain
An Intel Newsroom release dated July 21, 2026 detailed a collaboration with Fortinet aimed at advancing cybersecurity innovation and strengthening global supply chain resilience. The partnership pairs Intel's semiconductor and platform capabilities with Fortinet's security portfolio, and aligns with the foundry arrangement announced the same day.
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