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Intel shares fall 20% on plans to cut 15,000 jobs
Intel on Thursday revealed drastic plans to slash its employee headcount and capital spending in an attempt to put its business back on a stable financial footing, as it suffered the latest setback in its slow-moving turnaround plans.
Related:
US CHIPS Act Funding for Intel
On March 20, 2024, the U.S. Department of Commerce and Intel Corporation announced a preliminary memorandum of terms under which Intel will receive approximately $8.5 billion in direct funding under the CHIPS and Science Act. Funding will help advance Intel’s critical semiconductor manufacturing and research and development projects at sites in Arizona, New Mexico, Ohio and Oregon – U.S. locations where the company produces some of the world’s most advanced chips and semiconductor packaging technologies.
Meanwhile, in China:
China’s ‘basic self-sufficiency’ in chip-making tools could come this summer, veteran says
Hollywood and left-wing foundations behind climate charity quietly bankrolling extremist protest groups
A little-known climate change advocacy organization heavily funded by celebrities and influential left-leaning foundations has been quietly dishing out grants to various activist groups deploying unorthodox and extremist methods across the world to protest fossil fuels, documents reveal.
Hollywood and left-wing foundations behind climate charity quietly bankrolling extremist protest groups
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Ms. Cat’s Chronicles 