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CHIPMAKER LAYOFFS
US Stock Market today: Nasdaq, S&P 500 set for low opening, Dow Jones to rise. Nvidia stocks, Intel, Micron, AMD, Broadcom shares under spotlightS&P 500, if remains low, would register its first weekly decline since April. The tech-heavy Nasdaq was also set to end the week slightly ...- US stocks today: Dow soars 800 points to hit record as Iran optimism offsets chip slump, weak jobs dataWall Street closed higher with the Dow hitting a record, lifted by easing Iran war concerns and gains in healthcare and financial stocks. H...
- Global Market Today: Asian stocks edge up, Yen nears 160 per dollarAsian stocks followed Wall Street higher, driven by renewed enthusiasm for AI-linked equities, pushing the S&P 500 to a ninth consecutive g...
- India crowns Meta AI; More layoffs hit techIndia is now the ground zero for Meta’s AI push, WhatsApp chief Will Cathcart told us. This and more in today's ETtech Top 5.
- Why US stock market Dow Jones, S&P 500 and Nasdaq are surging big today: Dow jumps 350 points, Nasdaq jumps 250 points as Intel hits all-time high driving the rallyUS stock market surges today: why Dow Jones, S&P 500, and Nasdaq are rallying sharply despite global tensions? The Dow Jones Industrial Ave...
- Intel earnings signal recovery at US chip makerIntel's shares surged after exceeding earnings expectations, signaling a potential recovery. Despite a reported loss, revenue increased, an...
- ASML layoffs: the king of advanced chip-making machines cuts 1,700 jobs in major shake-up—but is China ready to lure them all and forge its own ASML empire?ASML layoffs hit global headlines after the chip giant confirmed 1,700 job cuts, nearly 4% workforce, despite record AI-driven demand. The ...
- US Stock Market | Wall Street ends higher as traders return to AI stocksIndian markets saw a strong opening on Monday. AI-related stocks like Meta and Nvidia surged, boosting investor confidence. Oil prices ease...
- Applied Materials to lay off 4% of workforce to simplify operationsThe company, one of the largest U.S. makers of semiconductor manufacturing equipment, will take a charge of $160 million to $180 million fo...
- Oracle layoffs: Oracle cuts over 150 cloud division jobs amid surge in AI spendingOracle layoffs: Oracle has cut over 150 jobs in its cloud unit, mainly in Seattle, amid soaring AI infrastructure costs. While still hiring...
- Is Intel collapsing under CEO Lip-Bu Tan? What went wrong with one of Silicon Valley's most iconic companiesIntel, once a shining tech giant of Silicon Valley, is slowly losing the AI-chip battle against Taiwanese rival TSMC and Nvidia. Now, Presi...
- Intel beats shareholder lawsuit over $32 billion stock plungeIntel's stock price sank 26% last August 2, one day after the chipmaker announced more than 15,000 layoffs and suspended its dividend, hopi...
- Intel to lay off more than 5,500 employees in US in latest round of job cutsIntel plans to lay off over 5,500 employees across the US, with teams in California and Oregon set to see the most job cuts. This decision ...
- Intel cuts over 500 jobs in Oregon as part of layoff planThe Oregon job reduction will hit facilities in Aloha and Hillsboro starting on July 15, Intel said in a regulatory filing. The layoffs are...
- Intel to cut over 20% of workforce: ReportsIntel is reportedly preparing to slash over 20% of its workforce as part of a broader restructuring effort under new CEO Lip-Bu Tan. The mo...
- Microchip Technology to lay off 2,000 employeesThe Chandler, Arizona-based company has been grappling with tepid demand from automotive customers that are struggling to clear existing ch...
- Onsemi to cut nearly 2,400 jobs this year in restructuring pushOnsemi employed nearly 26,400 full-time employees and around 90 part-time and temporary staff across facilities located in 33 countries, as...
- SoftBank scraps AI chips tie-up plan with Intel: reportSoftBank has blamed Intel for the collapse of the talks, claiming Intel was incapable of meeting its demands for volume and speed, the repo...
- Intel begins layoffs, offers unpaid leave to factory workers globallyThe company started its expected layoffs in California with at least 201 employees as "part of a broader cost cutting effort", reports CRN.
- Intel plans to cut thousands of jobs hit by PC slowdownThe layoffs will be announced as early as this month and some of Intel's divisions, including the sales and marketing group, could see cuts...
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