Intel Cuts Back Spending, Workforce as Struggling Chip Maker Mounts Comeback

Intel Cuts Back Spending, Workforce as Struggling Chip Maker Mounts Comeback

Intel Corp. is shedding thousands of workers and cutting expenses as its new CEO works to revive the fortunes of the struggling chipmaker that helped launch Silicon Valley but has fallen behind rivals like Nvidia Corp. In a memo to employees, CEO Lip-Bu Tan said Intel plans to end the year with ... continue reading...