Intel set for biggest slide in 24 years as turnaround struggle deepens

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The story "Intel set for biggest slide in 24 years as turnaround struggle deepens" was covered 4 hours ago by The Star, a news publisher based in Malaysia.

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The Star 4h ago

Intel set for biggest slide in 24 years as turnaround struggle deepens - The Star

Quick Summary:

INTEL was set to erase nearly $25 billion in stock market value on Friday in potentially its worst selloff since 2000 after it suspended dividend and slashed workforce to fund a costly turnaround for its chip-making business.

The selloff was also set to leave Intel worth less than Applied Materials and Lam Research, companies that supply equipment for Intel's fabrication plants.

Santa Clara-based Intel was once the world's leading chipmaker, with the "Intel Inside" logo a valuable marketing feature on personal computers in the 1980s and 90s.