Business
BruntWork Analyzes Intel’s Cost Reduction Plan and Outsourcing Strategy

Intel, an American multinational corporation and technology company, announced a cost reduction plan that includes layoffs and reduced outsourcing to Taiwan Semiconductor Manufacturing Company (TSMC) by 2026. TSMC is the world’s largest semiconductor foundry, providing essential services to tech giants like Apple, AMD, and Qualcomm. The change will improve profitability and capital efficiency amid financial challenges. BruntWork, an outsourcing company, provides insights into the implications of Intel’s decision.
Intel’s Financial Struggles and Plans
Intel has been facing financial difficulties, with drops in revenue, net income, and earnings per share. In Q2 2024, Intel’s revenue decreased by 1% year-over-year to $12.8 billion. The company recorded a net loss of $1.61 billion, compared to a net income of $1.48 billion the previous year. Intel’s reported earnings-per-share (GAAP EPS) was $(0.38), and non-GAAP EPS was $0.02.
Intel initiated a cost-reduction plan to save over $10 billion by 2025 to address these challenges. The plan focuses on increasing in-house production and reducing reliance on external foundries. The strategy will give Intel greater control over its supply chain, foster innovation, and better meet market demands. However, it raises questions about the outsourcing industry and the risks of such a weighty change.
The Critical Role of Outsourcing in Business Efficiency
Outsourcing has long been important to business strategy, providing flexibility, cost reduction, and access to specialized expertise. For Intel, it benefits chip design, software development, and manufacturing. BruntWork’s CEO, Winston Ong, states, “Outsourcing allows businesses to focus on their core competencies while leveraging external expertise for non-core functions. The approach reduces operational costs and enhances overall business performance.”
Outsourcing benefits areas like data entry, customer support, and IT services. For data entry, it reduces errors and increases throughput, crucial for businesses handling large data volumes. Customer service outsourcing enables 24/7 assistance across time zones, maintaining high customer satisfaction.
In IT, it provides access to diverse expertise without in-house hiring, allowing flexible scaling of operations. BruntWork’s virtual assistants exemplify these benefits, using advanced tools like data entry automation software, customer relationship management (CRM) systems, and IT service management platforms to enhance efficiency and accuracy beyond in-house capabilities.
Why Cutting Outsourcing May Not Be the Answer
Intel’s decision to reduce its reliance on outsourcing has sparked debate about the potential risks and benefits. In-house production can offer greater control and potentially faster innovation but also presents challenges. The transition requires investment in infrastructure and talent, and missteps could lead to operational disruptions and increased costs.
Winston Ong of BruntWork offers a nuanced view, stating, “Intel’s move towards in-house production is understandable given their current financial pressures, but it’s important to recognize the value that outsourcing brings. Outsourcing provides flexibility and scalability that are difficult to achieve with in-house operations alone. Intel may miss opportunities to leverage external expertise and drive cost efficiencies by reducing their reliance on outsourcing.”
Outsourcing helps Intel stay ahead in semiconductors. Partnerships provide Intel access to design tools and manufacturing capabilities without investing in infrastructure. While partners handle circuit layout, verification, and fabrication, Intel can focus on architecture design and innovation. As Intel expands into artificial intelligence (IT), autonomous vehicles, and the Internet of Things (IoT), outsourcing IT services and customer support unlock access to global talent and skills that will propel the company forward.
Outsourcing also enables Intel to streamline operations and reduce inventory management, financial reporting, and customer data processing expenses. By outsourcing customer support, customers receive uninterrupted assistance, ensuring satisfaction across time zones.
Undoubtedly, outsourcing will become more important in Intel’s business approach. Partnerships with firms like BruntWork allow Intel to focus on core competencies, access technologies and expertise, and maintain its global position.
Business
Derik Fay: A Multifaceted Entrepreneur, Investor, and global business leader

Derik Fay is a renowned celebrity entrepreneur, investor, and business leader with a diverse portfolio of successful ventures and a deep-seated passion for empowering others. His journey from humble beginnings to his extraordinary achievements is a testament to his resilience, strategic thinking, and unwavering commitment to making a positive impact on the world.
Born on November 19, 1978 and raised in Westerly, Rhode Island, Fay’s entrepreneurial spirit emerged at a young age. He founded his first large company at 22 (Around the Clock Fitness) that quickly became Floridas largest, and most successful independently owned fitness chain in the state before selling it to the publicly traded company Towns Sports International in 2109.
Sine that time he has built and scaled over 30 highly successful companies, achieving remarkable exits in the 7-to 9-figure range. His expertise spans various industries, including health & fitness, real estate, financial services, hospitality, and technology to name just a few.
Fay is also the founder and CEO of his main holding company 3F Management, (founded 2094) a venture capital and operational management firm that provides operational infrastructure, financial support, strategic partnerships, and other value add services directionally focused towards scaling and exiting.
Under the umbrella of 3F Management, Fay currently owns, is a co-owner, or is a cap table advisory member of over 40 other successful and growing brands.
Tycoon Payments, Results Roofing, BKFC, ManCandy, Fort North Media, Spintel, SendBuzz, Ritas Italian ice, FayMS Films, Eratyc Entertainment, Tycoon Funded, Pure Peptide Solutions, and 3F Financial, are just a few of the rapidly growing companies and brands that fill Fay’s entrepreneurial days.
Beyond his business ventures, Fay is a dedicated philanthropist, actively supporting various charities and causes. He is passionate about empowering the next generation of entrepreneurs and believes in the power of education and mentorship to create positive change.
Fay’s personal life is as fulfilling as his professional achievements. He is a devoted father to his two daughters, Sophia Fay (18) and Isabella Fay (16), and is engaged to his fiancée, Shandra Phillips (35) and is to be married in January 2026, in Naples Florida.
He enjoys spending time with his family, traveling, and pursuing his life long passion of health and fitness thru weightlifting and bodybuilding.
Derik Fay’s multifaceted career and unwavering commitment to excellence has established him as a respected figure in the business world, and a has gained global notoriety as role model for aspiring entrepreneurs.
His story is such an inspiration to all who seek to overcome challenges, achieve their goals, and make a meaningful impact on the world that Netflix is in post production on the documentary style film about Fays life journey from poverty to global success.
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