Intel cans luxury Israeli R&D center, promises a parking lot instead
But as 2022 ended, Intel's fortunes began to dwindle amidst rising interest rates and the specter of a global recession, which saw PC spending — a segment that had propped up Intel's revenues for several quarters — plunge.
During its Q3 earnings call in October, Intel said it would lay off a"meaningful number" of employees and
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Intel angles for more subsidies to build German mega-fabStill no date for breaking ground, as chip giant reportedly confirms it will build once 'funding' worked out
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