Intel said Thursday that the company’s next big CPU bet, Panther Lake, remains on track to begin shipping this year, and the supporting 18A manufacturing process has already entered production. However, Intel plans to end 2025 with just 75,000 employees as it continues reducing its workforce.
Intel CEO Lip-Bu Tan also characterized Intel’s move away from hyperthreading, begun with its Arrow Lake chip, as a mistake.
As Intel reported earnings for the second quarter of 2025, the company’s message was that it continues to execute on a strategy to focus on customers and engineering. As part of that, Intel recorded $1.9 billion in restructuring charges, mostly to do with reorganizing manufacturing and assembly operations.
“I know the past few months have not been easy,” Tan wrote in a memo to…