Feed: Slashdot
Feed Link: https://slashdot.org/
---

Title: Intel Will Shut Down Its Automotive Business, Lay Off Most of the
Department's Employees

Link: https://tech.slashdot.org/story/25/06/25/0135...

Intel is shutting down its small automotive division and laying off most of
its staff in that group as part of broader cost -cutting efforts to refocus
on core businesses like client computing and data centers. Oregon Live
reports: "Intel plans to wind down the Intel architecture automotive
business," the company told employees Tuesday morning in a message viewed by
The Oregonian/OregonLive. The company said it will fulfill existing
commitments to customers but will lay off "most" employees working in Intel's
automotive group. "As we have said previously, we are refocusing on our core
client and data center portfolio to strengthen our product offerings and meet
the needs of our customers," Intel said in a written statement to The
Oregonian/OregonLive. "As part of this work, we have decided to wind down the
automotive business within our client computing group. We are committed to
ensuring a smooth transition for our customers." Automotive technology isn't
one of Intel's major businesses and the company doesn't report the segment's
revenue or employment. But online, the company boasts that 50 million
vehicles use Intel processors. Intel says its chips can help enable electric
vehicles, provide information to drivers and optimize vehicles' performance.
Intel also owns a majority stake in the Israeli company Mobileye, which
develops technology for self-driving cars. It doesn't appear the closure of
Intel's automotive group will directly affect Mobileye's operations.

Read more of this story at Slashdot.

---
VRSS v2.1.180528