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Intel’s Troubles Complicate U.S. Chip Independence (spectrum.ieee.org)

submitted 2 months ago by [email protected] to c/[email protected]

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Will more funding be needed to keep Intel competitive?

On 1 August 2024, Intel announced financial results for the second quarter of 2024. They weren’t pretty; the company’s stock dropped more than 25 percent as it announced an aggressive plan to cut costs, including layoffs that will impact 15 percent of its entire workforce.

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