EUR/USD 1.12377
0.164%
Gold 4168.72
-0.043%
Oil 98.821
2.843%
USD/JPY 157.991
0.009%
GBP/USD 1.33278
0.397%
GBP/JPY 210.572
0.390%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On October 17th, Blue Origin announced ambitious production and operational goals, aiming to increase the launch frequency of its New Glenn Heavy rocket to multiple times per week by 2030, in an effort to challenge SpaceXs dominance in the global launch market. This plan requires a significant expansion of manufacturing capacity, launch infrastructure, and operational reliability. Blue Origin has already invested over $3 billion in its production and rocket integration facility in Florida, and plans an additional $330 million for expansion to support a more powerful version of the New Glenn rocket.According to BMI, a UK-based research firm, European electric vehicle deliveries hit a record high in September, with nearly 600,000 units sold, a 10% increase month-over-month. However, North American electric vehicle sales plummeted by 44% in September, marking the largest monthly decline so far in 2026.According to BMI, a UK-based research firm, global electric vehicle sales rose 3% to 15.5 million units in the first nine months of the year.British research firm BMI reported that global electric vehicle sales fell 2% to 2.15 million units in September, ending a six-month streak of growth.On October 17th, the UK Maritime Trade Operations Office (UKMTO) reported receiving a report of an incident approximately 140 nautical miles southeast of Mukalla, Yemen. A liquefied natural gas (LNG) carrier reported that a small speedboat carrying seven people approached it. The speedboat fired two shots at the LNG carrier. The ships armed security personnel then fired two warning shots at the speedboat, forcing it to change course.

Bloomberg reports that Intel plans to lay off tens of thousands of employees as PC sales decline

Aria Thomas

Oct 12, 2022 11:32

1.png


Chipmaker Intel Corp (NASDAQ:INTC) is prepared to lay off thousands of staff in reaction to a downturn in the personal computer market, Bloomberg News said Tuesday, citing persons familiar with the subject.


According to the source, the layoffs will be announced as early as this month, and a number of Intel divisions, including the sales and marketing division, could suffer about 20% employee cutbacks.


In July, Bloomberg News reported that the company had 113,700 employees.


The business will not comment on the layoffs.


The company lowered its year sales and profit predictions in July as a result of disappointing second-quarter results.


Due to decades of rising inflation and the reopening of offices and schools, people today spend less on computers than they did during pandemic lockdowns.


Chipmakers are also under pressure from COVID-19 restrictions in China, a significant PC market, and the Ukraine conflict, both of which have generated supply-chain bottlenecks and reduced demand.


Tuesday, Intel CEO Pat Gelsinger wrote a memo to employees outlining the company's plans to create an internal foundry model for external clients and product lines.


Taiwan Semiconductor Manufacturing Co. is the market leader in the foundry industry, where it produces chips created by other companies. Intel has invented and manufactured the majority of its chips to date.

Suggestion