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Time of India
43 minutes ago
- Business
- Time of India
Is Intel collapsing under CEO Lip-Bu Tan? What went wrong with one of Silicon Valley's most iconic companies
Global technology stocks, including Nvidia and Advanced Micro Devices (AMD), are cheering on Thursday but Intel share price has gone down. This comes as U.S. President Donald Trump has called for the immediate resignation of Intel CEO Lip-Bu Tan , just months after he took the top job at the chipmaker, following concerns over his ties to Chinese firms through several investments. Tan has made hundreds of investments in Chinese companies over decades through Walden International, the San Francisco venture capital firm he founded in 1987, and two Hong Kong-based holding companies, Sakarya Limited and Seine Limited. What Went Wrong for Intel? Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Intel is one of Silicon Valley 's most iconic companies, but its fortunes have been dwarfed by Asian powerhouses TSMC and Samsung, which dominate the made-to-order semiconductor business. The company was also caught by surprise with the emergence of Nvidia as the world's preeminent AI chip provider. Intel's niche has been in chips used in traditional computing processes, steadily being eclipsed by the AI revolution. Once the dominant force in chip-making, the company is in the middle of a strategy shift meant to revive its fortunes after it fell behind Taiwanese rival TSMC in manufacturing. Intel also has virtually no presence in the booming market for AI chips dominated by Nvidia. Live Events The storied chipmaker, once synonymous with America's chipmaking heft, has lagged due to years of strategic missteps. Rival Nvidia has leaped ahead in the booming artificial intelligence chip industry, while rival AMD has been gaining share in Intel's mainstay personal computer and server semiconductor markets. CEO Tan has been focusing on a next-generation chipmaking process called 14A to win big external customers, shifting away from 18A, a technology that his predecessor Pat Gelsinger had spent billions of dollars to develop. Such a move could lead to a big writedown, an expense that would surely displease investors even as Intel has signaled that the new technology will help it be more competitive against Taiwan's TSMC, the world's biggest chipmaking factory. Longer-term commentary on the company's plans for the 14A technology "will hold more weight this earnings call than anything else", Stifel analysts wrote. Setback for Intel Back in July, Intel posted quarterly revenue that topped market expectations, saying it has cut about 15 percent of its workforce to be "more agile." Intel reported $12.9 billion in sales in the recently ended quarter, topping forecasts, but logged a $2.9 billion loss that included $1.9 billion in restructuring charges. "Intel has completed the majority of the planned headcount actions it announced last quarter to reduce its core workforce by approximately 15 percent," the company said in an earnings release. Intel CEO Lip-Bu Tan Intel chief executive Lip-Bu Tan took the helm in March, announcing layoffs as White House tariffs and export restrictions muddied the market. Malaysia-born tech industry veteran Tan has said it "won't be easy" to overcome challenges faced by the company. Tan, who took over the CEO role in March after the ousting of his predecessor Pat Gelsinger late last year, has set a goal of slashing the chipmaker's workforce to 75,000 people by year-end, a reduction of around 22 per cent. Intel also vowed to take a more disciplined approach to manufacturing investment. Since taking over as CEO in March, Tan has focused on shedding non-core assets. In April, Intel agreed to sell a 51 per cent stake in its Altera programmable chip business for $4.46 billion. The company has also considered divesting its network and edge businesses as well. The US chip maker also said it "will no longer move forward" with projects in Germany and Poland as part of a push to save billions of dollars. FAQs Q1. Who is Intel CEO? A1. Malaysia-born tech industry veteran Lip-Bu Tan is Intel CEO. Q2. Is Intel going for layoffs? A2. Lip-Bu Tan, who took over the CEO role in March after the ousting of his predecessor Pat Gelsinger late last year, has set a goal of slashing the chipmaker's workforce to 75,000 people by year-end, a reduction of around 22 per cent. Intel also vowed to take a more disciplined approach to manufacturing investment.
Time of India
an hour ago
- Business
- Time of India
Tougher transshipment penalties not expected immediately as Trump tariffs kick in, sources say
Tougher U.S. trade penalties on goods originating in one country being re-shipped from another are not expected to immediately follow new U.S. tariffs, three people in Southeast Asia with knowledge of the matter said, easing a major cause of concern. Southeast Asian countries including Vietnam and Thailand have been explicitly targeted by White House officials for their alleged role in facilitating the so-called transshipment to America of Chinese goods, which would face higher tariffs if shipped directly from China. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program The Trump administration imposed tariffs on goods from dozens of countries from Thursday, and in an executive order said products determined to have been illegally rerouted to conceal their country of origin would face additional duties of 40%. But it did not clarify what constitutes transshipment. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Gold Is Surging in 2025 — Smart Traders Are Already In IC Markets Learn More Undo U.S. imports from Southeast Asia's biggest economies, which rely heavily on exports, are now subject to tariff rates of about 19%, most of those significantly reduced from earlier threatened rates. Existing U.S. customs guidance states goods from countries with no free trade agreements with Washington, such as Southeast Asian nations, can be labelled as made in the country where they undergo a "substantial transformation" of components, even if those parts entirely come from another country, such as China. Live Events And with no new U.S. guidance on rules of origin or specification on what transshipment means, some officials in Southeast Asia have told exporters existing rules apply. That effectively limits cases of transshipment to illegal activities, like the use of forged export certificates or documents obtained illicitly. "Currently, all exported goods (from Thailand) are subject to a 19% rate because there are no rules on transshipment yet," Arada Fuangtong, head of the Thai Commerce Ministry's foreign trade department, told Reuters on Thursday. Her message was echoed by U.S. officials in Vietnam who told businessmen the tariff of 20% would apply to Vietnamese goods, even if they are entirely made with Chinese components and only assembled in Vietnam, according to one person familiar with those talks. Trade consultants have said rules are vague and they have advised clients, even before the new wave of U.S. tariffs, to have at least 40% of local content for their exports to the U.S. That is "to be on the safe side", one of them said. The U.S. embassy in Vietnam did not immediately reply to a request for comment. The Office of the U.S. Trade Representative did not immediately respond to a request for comment outside U.S. working hours. "Goods defined by U.S. customs as transshipped are subject to 40% duties, but pending any new definition, that's limited to old definitions," said a Vietnam-based consultant. Both people declined to be named in order to speak more freely. CHINA DEPENDENCE According to the U.S. customs guidance, repackaging does not usually cause a "substantial transformation", but assembly may, depending on the complexity of the operations. It is unclear if this narrow interpretation of transshipment could be enforced in other countries. Economic ministries in Indonesia, Malaysia, the Philippines, Vietnam and Singapore did not immediately respond to requests for comment on the issue. Manufacturers in Southeast Asia, which rely heavily on Chinese components, have been in the dark for months on what Washington would consider transshipment. Questions remain over whether that would include goods with a large, but yet undefined, share of components or raw materials from China, even when they are legitimately transformed in Southeast Asian nations. A strict definition of transshipment may come later, multiple investment consultants warned. An executive order signed by U.S. President Donald Trump last week said the U.S. will "publish every six months a list of countries and specific facilities used in circumvention schemes". That will "inform public procurement, national security reviews, and commercial due diligence", it said. "The message from Washington is deterrence," said Marco Forster, director for Southeast Asia at investment consultancy Dezan Shira and Associates. "If your supply chain cuts corners, it won't be treated as a technical error. It'll be treated as fraud."
Time of India
an hour ago
- Business
- Time of India
Govt may focus on extending support measures to sectors hit hard by US tariffs
The government may prioritise support measures for sectors, like textiles and chemicals, which would be severely impacted by the US tariffs , under the export promotion mission , industry sources said on Thursday. The issues were discussed in the commerce ministry's consultations with exporters from the textiles and chemicals sectors to assess the impact and explore possible support measures, they added. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program They said that the ministry is working on the export promotion mission, announced in the Budget. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like No annual fees for life UnionBank Credit Card Apply Now Undo The mission is expected to feature components, including easy credit schemes for MSMEs, e-commerce exporters, facilitation of overseas warehousing, and global branding initiatives to tap emerging export opportunities. The government on February 1 announced the setting up of the mission with an outlay of Rs 2,250 crore. "The government is looking at extending support measures under this mission to sectors which would be badly hit by the US tariffs," they said. Live Events India's textiles exports to the US stood at about USD 11 billion. The sector accounts for 9 per cent of the US's total textiles imports. Similarly, the country's chemical exports to the US stood at about USD 6 billion. US President Donald Trump on Wednesday slapped an additional 25 per cent tariff, raising the total duties to 50 per cent on goods coming from India, as a penalty for New Delhi's continued purchase of Russian oil. The 50 per cent duty will come into effect from August 27. In 2024-25, the bilateral trade between India and the US stood at USD 131.8 billion (USD 86.5 billion exports and USD 45.3 billion imports). The sectors, which would bear the brunt of 50 per cent duty, include textiles/ clothing, gems and jewellery, shrimp, leather and footwear, chemicals, and electrical and mechanical machinery. In the meeting, exporters urged the ministry to extend fiscal incentives, such as interest subsidy and extension of RoDTEP scheme (Remission of Duties and Taxes on Exported Products), RoSCTL (Rebate of State and Central Taxes and Levies), timely payment of dues, and a direct shipping line to the US. A representation has been sent to the GK Pillai committee on RoDTEP issues. They also requested measures to cut compliance burden, simplification of advance authorisation norms, and a reduction in port charges. The industry sources said exporters have started exploring opportunities in new geographies. "The world trade is disrupted, and in this, there are possibilities of export diversification. Export promotion councils are working on this. The Commerce ministry is also analysing," they said, adding that high tariffs will help exporters to look at domestic markets, and this will in turn help in cutting down India's import bill also.
Time of India
an hour ago
- Politics
- Time of India
Vote theft: Rahul Gandhi to lead protest in Bengaluru on Friday
AICC leader Rahul Gandhi will lead a protest demonstration in Bengaluru on Friday on 'vote theft,' highlighting his charge that elections had been rigged in Mahadevapura assembly segment of Bangalore Central Lok Sabha seat, last year. 'Karnataka will be the launchpad for our resistance. We will expose this fraud, street by street and booth by booth,' Gandhi said at a press conference in Delhi on Thursday. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program AICC president Mallikarjun Kharge, AICC general secretaries RS Surjewala & KC Venugopal, Chief Minister Siddaramaiah and Dy CM DK Shivakumar will join him in the protests at the Freedom Park after 10.30 am. The Dy CM has not disclosed what proof Gandhi would submit to the chief electoral officer (CEO) during his meeting with him Friday afternoon. The CEO's office has informed the Congress that its delegation could meet the CEO between 1 pm and 3 pm to submit the memorandum to the Election Commission of India (ECI). Live Events Gandhi, who is also the Opposition leader in the Lok Sabha, has alleged voter theft in Maharashtra and Karnataka in support of his demand for release of machine-readable digital voter rolls and CCTV footage. He recently said he has 100% proof of the ECI allowing cheating in a seat in Karnataka. He said he just looked at one constituency, but the same 'drama' of addition of thousands of new voters had been going on in constituency after constituency.
Time of India
an hour ago
- Health
- Time of India
No one had answers: So 25-year-old Aditya went from 189 kg to 103 kg by building his own diet; check his story
At just 25, Aditya Subramanian's weight peaked at 189.6 kg. He faced serious health challenges, emotional isolation, and the lingering impact of the pandemic. But instead of giving in, he made a choice—not to shrink himself into a number, but to reclaim his future. 'I wasn't just heavy, I felt invisible, broken, and tired of pretending I was okay.' Life at 189.6 kilos was difficult beyond words. His bed collapsed twice. Machines helped him breathe. He was battling high blood pressure, fatty liver, and was on the verge of diabetes. His body was in distress, but his spirit was too drained to react. COVID didn't just disrupt the world—it disrupted his relationship with food, body, and emotions. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program He found himself eating not from hunger, but from loneliness and anxiety. Even after trying Ozempic , the results didn't come—and neither did peace. Financial strain as a student abroad only added to the pressure. But it was a silent moment that shifted everything. 'What hurt the most? The silence in my parents' eyes when they saw me at graduation… That look stayed with me longer than any diet ever did.' Live Events It was in that silence that Aditya realised he needed change—not for anyone else, but for himself. 'Surgery was a tool, not a shortcut.' Upon returning to India, Aditya chose to undergo bariatric surgery. It was a decision made not for instant transformation, but for survival and health. The real journey began after the surgery. The standard post-op diet didn't fit his lifestyle, especially as he moved between India and Australia. Many prescribed foods weren't even accessible. The plan felt generic and disconnected from his real life. So he took charge of his healing He consulted doctors across countries, connected with people who had lived similar journeys, and started tailoring his diet based on what his body truly needed. Bit by bit, he created a sustainable rhythm that worked for him. 'I didn't punish my body, I partnered with it.' Rejecting the idea that weight loss must be punishing, Aditya focused on healing, not restriction. His approach centered around nourishment and gentle movement—like walks and stretches—that he could manage even on low-energy days. 'And when I couldn't show up at 100%, I showed up at 20%. But I showed up.' The progress came steadily. His body began responding. Breathing machines were no longer needed, medications reduced, liver functions improved, and blood sugar levels normalized. 'Progress didn't come fast, it came real.' This wasn't an overnight transformation. Over three years, Aditya reduced his weight from 189 kg to 103 kg. But more than physical change, it was a mental and emotional rebuild. He learned to trust himself, to not fear food or failure. The journey had taught him patience, resilience, and self-compassion. 'This isn't just my story, it's a mirror for many who feel unseen.' Today, Aditya is back in Australia. Life continues with its ups and downs—financial responsibilities, emotional maintenance, and plans for skin removal surgery. But he stands proud of the road he's walked—one that was honest, thoughtful, and rooted in self-awareness. His message is especially powerful for people from India and the diaspora. He wants to break the silence around weight struggles, which are too often met with shame instead of support. 'We don't talk about it enough. We shame people instead of supporting them.' 'So here I am. Sharing not to impress, but to connect.' If even one person feels less alone reading this, Aditya's story will have served its deepest purpose. [With TOI inputs]
