Intel to Lay Off 15% of Workers, Cancel Billions in Projects in Bid


FrancoDT

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Thought this was an interesting news article today:

Intel will cut 15% of its workforce and scrap plans to spend tens of billions of dollars on new chip facilities in Europe, as it takes steps to revive its sagging fortunes.

The chip-making giant said Thursday it would refocus its strategy on the highly competitive market for AI chips, regaining market share in personal-computer processors and developing its advanced 14A technology to sell to large customers.

 

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Parkinson's law
 

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    Microsoft Windows 11 Home
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