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Investing.com — Intel Corporation (NASDAQ:INTC) told employees that it will exit its automotive business, a move that will include laying off the majority of employees in that division. The decision is part of the company’s broader efforts to streamline operations and focus on its core areas under the leadership of new CEO Lip-Bu Tan.
The tech giant shared the update with employees in an internal message, stating it plans to "wind down the Intel architecture automotive business," according to a Tuesday report by The Oregonian/OregonLive.
While Intel hasn’t disclosed how many positions will be impacted, most of the roles within its automotive unit will reportedly be eliminated. Intel will honor current customer commitments throughout the transition.
“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,” the company said in a statement to OregonLive. “As part of this work, we have decided to wind down the automotive business within our client computing group.”
Intel emphasized its aim to support customers during the phase-out, saying it remains “committed to ensuring a smooth transition.”
Though not a major revenue generator for the company, Intel’s automotive division has had a broad reach. The company has stated in the past that its processors are used in more than 50 million vehicles, powering electric systems, enhancing in-vehicle information delivery, and improving performance optimization.
The closure marks another chapter in Intel’s broader restructuring strategy as the firm sharpens its focus on core competencies like client computing and data centers. The move reflects ongoing efforts to better align the company’s resources with long-term growth priorities in a highly competitive tech landscape.