Intel's Trading Volume Drops 26.33% to $16.77 Billion Ranking 35th Amid Major Restructuring

On March 24, 2025, Intel's trading volume was $16.77 billion, down 26.33% from the previous day, ranking 35th in the day's stock market. Intel (INTC) fell 0.16%.

Intel has announced a significant restructuring plan aimed at enhancing its competitiveness in the semiconductor industry. The plan includes the closure of several manufacturing facilities and the reduction of its global workforce by approximately 15%. This move is part of Intel's broader strategy to streamline operations and focus on high-growth areas such as artificial intelligence and data centers.

Intel's CEO, Pat Gelsinger, emphasized the importance of this restructuring in a recent statement, highlighting the need for the company to adapt to the rapidly changing technological landscape. He noted that the restructuring will enable Intel to invest more in research and development, thereby maintaining its leadership position in the industry.

Additionally, Intel has revealed plans to expand its presence in the automotive sector. The company is set to launch a new line of chips specifically designed for electric vehicles, aiming to capitalize on the growing demand for advanced automotive technologies. This initiative is expected to diversify Intel's revenue streams and reduce its reliance on traditional PC and server markets.