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After a euphoric 2021, investors will remember 2022 as the year of the Big Tech wreck. Semiconductor stocks have Here’s What the Intel Layoffs Mean for INTC Stock
Intel's share price tumbled 26% to $21.48 on Aug. 2, the day after it announced quarterly results, the job cuts and the dividend suspension. The shares closed Wednesday down 3.6% at $18.99 and ...
It also suspended bonuses and merit pay increases, while reducing retirement plan matching. These cost reductions followed layoffs announced in the fall of 2022. [141] In October 2023, Intel confirmed it would be the first commercial user of high-NA EUV lithography tool, as part of its plan to regain process leadership from TSMC. [142]
In October 2022, Intel announced a cost-reduction plan that included "people actions", aimed at slashing annual costs by $3 billion in 2023, reducing the chipmaker's headcount to 124,800 at the ...
The layoffs at Intel are in line with a cutting of the fat from many tech companies in recent years. In 2024 alone, Google announced layoffs that could affect Austin, ...
Intel's Ronler Acres campus in Hillsboro, Oregon. Silicon Forest is a Washington County cluster of high-tech companies located in the Portland metropolitan area in the U.S. state of Oregon. The term most frequently refers to the industrial corridor between Beaverton and Hillsboro in northwest Oregon.
Hillsboro (/ ˈ h ɪ l z b ər oʊ / HILZ-burr-oh) is a city in the U.S. state of Oregon and is the county seat of Washington County. [7] Situated in the Tualatin Valley on the west side of the Portland metropolitan area, the city hosts many high-technology companies, such as Intel, locally known as the Silicon Forest.
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