Intel forecast falls short of estimates, fanning tariff worries
1. Intel forecasts Q2 revenue below Wall Street estimates, impacting shares negatively. 2. CEO Tan aims to streamline operations and cut operating expenses by 2026. 3. Tariff uncertainties influence cautious revenue guidance for Q2. 4. Plans for layoffs and reduced bureaucracy initiate amid restructuring efforts. 5. Significant tariffs on U.S. semiconductors may hurt Intel's sales to China.