Intel’s ‘Panther Lake’ CPUs remain on track amid massive layoffs

Here is a 200-word summary of the key points from the news article: Intel's upcoming "Panther Lake" CPUs remain on track for release this year, even as the company plans to significantly reduce its workforce by the end of 2025. Intel CEO Lip-Bu Tan said the company's 18A manufacturing process, which will underpin future CPUs, has already entered production. However, Tan acknowledged some past missteps, such as Intel's decision to move away from hyperthreading, which he said put the company at a "competitive disadvantage." Tan pledged to bring back hyperthreading to help "close performance gaps." While Intel's chip roadmap appears stable, the company's broader strategy is in flux. Tan said Intel will "right-size" its workforce and consolidate manufacturing operations. Plans for a new chip fab in Ohio will be slowed, and facilities in Poland and Germany will not move forward. Despite the restructuring, Intel reported better-than-expected financial results for Q2 2025, with revenue of $12.9 billion. However, the Client Computing Group saw a 3% decline in revenue compared to the previous year. Overall, Intel is navigating a challenging period, seeking to streamline operations and refocus on its core CPU products, like Panther Lake, to regain its footing in the competitive semiconductor market.