Management announced plans to implement cost-reduction measures, including reductions in headcount, other operating expenditures, capital expenditures, and cost of sales, aimed at accelerating profitable growth and enabling further operational efficiency.

The Board of Directors suspended the declaration of dividends on common stock starting with Q4 2024 to prioritize liquidity to support investments needed to execute the company's strategy.

The company completed a transaction with Apollo Global Management, Inc., under which Apollo led an investment of $11.0 billion to acquire a 49% equity interest in an entity related to the company's Fab 34 in Leixlip, Ireland.

The company is implementing its internal foundry operating model, creating a foundry relationship between Intel Products business and Intel Foundry business, with the intent to drive greater transparency, accountability, and focus on costs and efficiency.

Intel achieved a critical milestone on Intel 18A with the release to Intel Foundry customers of Intel 18A PDK 1.0, indicating progress in its technology roadmap.

Operating income was negatively impacted by restructuring and other charges, including $780 million related to the R2 litigation, and $222 million related to a goodwill impairment loss in the Intel Foundry reporting unit.

The company is involved in various ongoing claims, litigation, and other proceedings, including those related to VLSI and R2, and an EC-imposed fine, which could result in substantial monetary damages, fines, or penalties.

The company's business is impacted by macroeconomic conditions and geopolitical tensions and conflicts, including geopolitical and trade tensions between the US and China, the impacts of Russia's war on Ukraine, and rising tensions between mainland China and Taiwan.

The company's complex global supply chain is subject to disruptions, delays, trade tensions, conflicts, or shortages, which could adversely impact its business.

DCAI revenue decreased due to lower server volume from lower demand in a competitive environment, partially offset by higher server ASPs.

CCG revenue increased due to higher notebook and desktop volumes as customer inventory levels improved compared to higher levels in Q2 2023, indicating a positive shift in demand.

Altera revenue decreased as customers tempered purchases to reduce existing inventories, indicating a potential weakening in demand for its products.

The company announced cost-reduction measures, including reductions in headcount, other operating expenditures, capital expenditures, and cost of sales, designed to accelerate profitable growth and enable further operational efficiency and agility.

Intel Foundry's operating loss was impacted by higher period charges related to factory start-up costs and costs associated with curtailing capacity on mature technology nodes.

Intersegment sales and related gross margin on inventory recorded at the end of the period or sold through to third party customers is eliminated for consolidation purposes impacting consolidated results.

The company achieved a critical milestone on Intel 18A with the release to Intel Foundry customers of Intel 18A PDK 1.0, indicating progress in its technology roadmap.

The company continues to make significant investments in process technology and leadership products, as reflected in increased R&D spending.

Higher operating expenses in DCAI and Intel Foundry were primarily driven by increased investments in product development costs, indicating a focus on future product innovation.

The Board of Directors suspended the declaration of dividends on common stock starting with Q4 2024, recognizing the importance of prioritizing liquidity to support the investments needed to execute the company's strategy.

The company continues to make significant investments in manufacturing capacity and process technology, as evidenced by its capital expenditures and the Fab 34 transaction.

The company has an ongoing authorization to repurchase shares of its common stock, but no shares were repurchased during the quarter ending June 29, 2024.

The 10-Q filing does not contain specific information regarding environmental, social, or governance initiatives.

CCG revenue increased due to higher notebook and desktop volumes as customer inventory levels improved compared to higher levels in Q2 2023, indicating a positive shift in demand.

DCAI revenue decreased due to lower server volume from lower demand in a competitive environment, partially offset by higher server ASPs.

Altera and Mobileye revenue decreased as customers tempered purchases to reduce existing inventories, indicating a potential weakening in demand for their products.