Intel set to lay off around 10,000 workers — despite getting $2.2B in CHIPS Act funds under Biden
1. Intel plans to cut 20% of its workforce, around 10,000 jobs. 2. The layoffs target Intel Foundry, impacting various semiconductor-related roles. 3. Intel's shares have declined nearly 30% in the past year. 4. The company postpones its $10 billion Ohio factory opening to 2030. 5. Intel aims to streamline operations amid financial challenges.