Computer components and semiconductor maker Intel saw its shares plummet by more than 26% on Friday. According to Bloomberg, this was the worst single-day performance by the company’s stock in 40 years.
Intel’s disastrous day was a result of a disappointing earnings report as well...
Computer components designer and manufacturer Intel Corp. is set to play off thousands of workers in a continued attempt to cut its costs, according to a recent report by Bloomberg.
Intel has been struggling to keep up with the evolving semiconductor market that is increasingly...
Intel Corp's second-quarter report, which was shared late on Thursday, shows that the chip maker was hit hard by the lower demand for semiconductors. The company missed badly on Wall Street estimates while also slashing full-year guidance.
Intel Corp shares suffered a 10% hit in...
