Intel’s CEO, Pat Gelsinger, discussed trade tensions and restructuring plans during a recent investor call. The company provided a cautious forecast due to uncertainties in global trade policies, which have led to stockpiling of Intel chips and boosted first-quarter sales. However, this is expected to negatively impact the second quarter. Intel aims to reduce adjusted operating expenses to $17 billion by 2025 and further to $16 billion by 2026. The company also plans to streamline operations by reducing internal bureaucracy and requiring employees to return to the office four days a week starting September 1. Despite receiving $1.1 billion in grants under the CHIPS Act, capital expenditure forecasts remain steady due to uncertainties in government funding timelines. Intel anticipates challenges in its largest market, China, due to potential retaliatory tariffs on U.S.-made semiconductors. \n— new from Reuters