SG Talk

Intel to lay off 15,000 employees https://techcrunch.com/2024/08/01/intel-...employees/

Intel has struggled to capitalize on the AI boom in the same way other hardware companies, such as Nvidia, have. Intel led the tech industry’s revolution around CPU chips roughly 25 years ago, but has been slow to embrace newer waves of computing such as smartphones and AI.

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The company is reducing its spending on new plants and equipment in 2024 by more than 20 per cent

https://www.straitstimes.com/business/in...elf-around