Reported 2 months ago
Intel is poised to experience its most significant drop in market value in 24 years, with shares projected to plummet 20% after the company announced a dividend suspension and a 15% workforce reduction to fund a costly restructuring of its chip-making operations. This follows disappointing forecasts of quarterly revenue, reflecting its struggles to catch up with competitors like TSMC, significantly diminishing its market capitalization.
Source: YAHOO