Intel Corp. Planning Significant Layoffs Amid Low PC Sales
The low sales of personal computers (PC) prompted the chip maker Intel Corp. to engage in cost-cutting activities that will likely result in significant layoffs. According to Bloomberg, Intel plans to make a “major reduction in headcount,” with thousands of employees set to lose...
AMD and Intel Warn That PC Market Growth is Nearing an End
Semiconductor giant AMD has followed Intel's example in warning investors of its belief that the growth experienced by the prospering PC market will dip rapidly in the third quarter. The company announced during an earnings call with investors on Tuesday night that it has...
Intel Corp Stock Tumbles 10% After Company Misses Badly on Estimates
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...