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The student news site of The Harker School.

Harker Aquila

The student news site of The Harker School.

Harker Aquila

The student news site of The Harker School.

Harker Aquila

Intel lost more than $30 billion in market value after its second quarter earnings report. The company announced that it would cut 15% of its workforce and slash dividends due to financial struggles.

Chip crisis: Intel tumbles amidst layoffs and lackluster earnings

by Victor Gong, Winged Post Editor-in-Chief August 23, 2024

Intel’s stock plummeted over 40% this past month, marking its worst fall in 50 years. The company’s per-share price tanked 26% just a day after it announced a $10 billion cost-cutting plan in its second-quarter...

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