Intel will need to ramp up its PC shipments while also reducing its balance sheet debt to recover its previous credit ratings, Fitch said [File] | Photo Credit: REUTERS Fitch is downgrading U.S. chipmaker Intel’s credit rating by one notch on Monday, according to a note by the ratings agency, which assigned a negative outlook […]
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Intel had roughly $100 billion of chipmaking equipment as of June 28 [File] | Photo Credit: REUTERS Intel warned investors on Thursday that it may have to get out of the chip manufacturing business if it does not land external customers to make chips in its factories. New CEO Lip-Bu Tan said on Thursday the […]
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FILE PHOTO: Intel is reportedly planning to layoff between 15% to 20% of its factory workers. | Photo Credit: Reuters Intel is reportedly planning to layoff between 15% to 20% of its factory workers, The Verge stated adding that most of these cuts would be implemented in July. The outlet cited a memo seen by […]
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