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Intel beats on revenue, slashes foundry investments as CEO says 'no more blank checks'

The Intel logo is displayed on a sign in front of Intel headquarters on July 16, 2025 in Santa Clara, California. Justin Sullivan | Getty ImagesIntel reported second-quarter results on Thursday that beat Wall Street expectations on revenue, as the company's new CEO Lip-Bu Tan announced significant cuts in chip factory construction. The stock ticked higher in extended trading.Here's how the chipmaker did versus LSEG consensus estimates:Earnings per share: Loss of 10 cents per share, adjusted.Reve...

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