The stock of Intel is testing a major confluence of support on its chart – but with a potentially ominous alternate scenario. As of election day, the PHLX Semiconductor Index (SOX) was up ...

Intel logo is shown here in this January 2011 photo taken at its headquarters in Santa Clara, Calif. The chipmaker announced plans Tuesday to eliminate about 12,000 jobs as sales of personal ...

Intel is cutting 12,000 jobs, which accounts for 11 per cent of total staff. In its quarter ended March 31, the Client Computing group was still Intel’s biggest source of sales (US$7.5 billion).

PHOTO: Lijorijo, via Wikimedia Commons SAN FRANCISCO—Intel says it will cut 12,000 jobs—about 11 per cent of its workforce—as it reorganizes to confront a decline in sales of personal computers.

Intel believes the layoffs will save it $750 million this year and $1.4 billion per year after that. The restructuring will result in a $1.2 billion charge against second-quarter earnings.

Intel Corp to slash 12,000 jobs, 11% of its workforce, as PC blight takes toll on earnings Intel Corp., the world’s biggest maker of semiconductors, said it will cut 12,000 jobs, or 11 per cent of the ...

Intel has declared its intention to make 12,000 of its staff redundant as it moves away from the desktop and into the cloud. Seeing the data center and Internet of Things (IoT) markets as its “primary ...

Intel has declared its intention to make 12,000 of its staff redundant as it moves away from the desktop and into the cloud. Seeing the data center and Internet of Things (IoT) markets as its “primary ...