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Intel Earnings News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Intel s Q2 revenue and profit forecast falls short of expectations, shares plummet

The surge in demand for advanced artificial intelligence server chips has notably impacted Intel's central processing units (CPUs), long regarded as the cornerstone of data centre operations.

Intel initiates fifth round of layoffs, further job losses in 2024 expected

Intel said it plans to lay off 235 employees at its research and development facility in Folsom (Sacramento County), as indicated by regulatory filings to the state.

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