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Report: Intel struggles with new 18A process as it cuts workers and cancels projects Intel says it's still on track to launch its first 18A Core Ultra chips in 2025.

Until recently, Intel had emerged as one of the biggest beneficiaries of the 2022 CHIPS Act, as former CEO Pat Gelsinger laid out plans to build advanced chipmaking factories.

Intel decided to spin RealSense out during former CEO Pat Gelsinger’s tenure and the company struck out on its own with $50 million in venture funding.

Until recently, Intel had emerged as one of the biggest beneficiaries of the 2022 CHIPS Act, as former CEO Pat Gelsinger laid out plans to build advanced chipmaking factories.

Lip-Bu Tan took the helm at Intel in March after the software giant ousted chief Pat Gelsinger following dismal earnings and several rounds of layoffs.

Since stepping into the role in March 2025, Lip-Bu Tan has initiated a sweeping transformation that diverges sharply from the expansive, capital-heavy strategy of his predecessor, Pat Gelsinger.

Tan was tapped to lead Intel in March, after former CEO Pat Gelsinger stepped down last December following a “challenging year” for the company.

Intel declined to comment on the changes. Manufacturing operations are led by former Micron Technology (MU.O) executive Naga Chandrasekaran, who was hired about a year ago by then-CEO Pat Gelsinger.