Intel Stock Surges as Chipmaker Cuts Over 500 Jobs

1. Intel plans to lay off 529 workers in Oregon as restructuring continues. 2. Stock jumped 7% on hopes of new CEO's turnaround plan. 3. Company's shares have lost nearly 33% value in the last year. 4. Recent reports suggest potential deeper staff cuts than initially announced. 5. ABC executives speculate on selling parts of the business for recovery.