Intel fires 10,500 to make up for past mistakes
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The 'Barrett Hangover' Intel doesn't mess around when its sales slow. The chipmaker today revealed that it will fire 10,500 workers over the next year in the hopes of improving its bottom line.â¦
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As expected, Intel announced late Tuesday a new wave of job cuts as part of the company's reorganization plan, first detailed last April. 10,500 jobs will be cut over the next two years, and Intel expects to save $2 billion by the next of next year.
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By JORDAN ROBERTSON, THE ASSOCIATED PRESS  SAN JOSE, Calif.  Chip maker Intel Corp. said Tuesday that it will eliminate 10,500 jobs  about 10 percent of its workforce  through layoffs, attrition and  the sale of underperforming business groups as part of a massive restructuring.
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New budget Sempron chip underperforms its predecessor.
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Highlights of this year's Intel Developer forum included new 45nm Penryn and Nehalem CPUs, upcoming server and enthusisat motherboards, $200 laptops, and a talk with Gordon Moore. Here's what it all looked like.
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Tuesday&#39;s&#160;raid on Intel&#39;s Munich office&#160;by European Commission investigators marks the latest development in one of several antitrust cases that have dogged the world&#39;s largest chip maker for years. Here&#39;s a rundown of Intel&#39;s brushes with antitrust investigators and lawsuits around the world since 1990:
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SAN FRANCISCO (CBS.MW) -- Trying to get past its recent execution setbacks, Intel demonstrated a working chip using its next-generation manufacturing technology Monday, and also stated that it is on track to continue with Moore&#39;s Law, doubling the number
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The AMD effect CNET has come out as the first organ willing to put a firm number on Intel's alleged upcoming mass layoff. The online rag reckons that up to 10,000 workers will be cleaved from Intel's payroll. Word of the layoffs should arrive next Tuesday after the stock markets close their regular trading sessions.â¦
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Micron, Intel developed a flash technology that speeds up data transfers by up to 5 times.
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In search of life raft AMD, Intel's on-again, off-again rival, has given another example how it's mostly been off again over the past year, disclosing plans to take a "material" goodwill impairment charge for its $5.6bn acquisition of ATI Technologies.â¦
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First chips 'on track' for 2005 debut, apparently
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Intel Corp. chief executive Craig Barrett said Tuesday the company has "recovered" from product missteps that plagued the chip maker during the first half of the year.
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Burned by a series of production missteps and canceled products, the company lets AMD get out in front on multicore product announcements.
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Intel (Quote, Chart) has built a new chip with 500 million transistors using the latest advancements in nanotechnology, the company said Monday.
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&quot;The bad blood and legal wrangling between Intel and AMD goes back a decade,&quot; Jonathan Eunice, an analyst with the research firm Illuminata, told the E-Commerce Times.
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Ten employees have been caught faking orders in order to receive kickbacks, Japanese electronics maker NEC disclosed on Tuesday. In total, the ten made over $4.1 million on $18 million in forged orders.
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SAN JOSE, Calif.  --  Chip-maker Intel Corp. said Tuesday it will eliminate 10,500 jobs  --  about 10 percent of its work force  --  through layoffs, attrition and the sale of underperforming business groups as part of a massive restructuring.