Intel has announced plans to lay off 15% to 20% of its workforce at its Oregon facility, commencing in July. This significant personnel adjustment marks the first major move under the new CEO's tenure, aimed at cost containment and operational efficiency enhancement. Despite these efforts to streamline, analysts remain unconvinced that the gap between Intel and TSMC will narrow in the near future. The layoffs are anticipated to commence mid-July and conclude by the month's end, impacting thousands of employees globally, with the foundry department bearing the brunt of the cuts.