Intel shares slump 26% as turnaround struggle deepens
By Noel Randewich and Arsheeya Bajwa (Reuters) -Intel shares sank 26% on Friday in their worst day since 1974 after the chip manufacturer suspended its dividend and slashed its workforce to fund a costly turnaround after losing its once-dominant global position. The company lost more than $30 billion in market value after it gave a …
Intel shares slump 26% as turnaround struggle deepens Read More »