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Windows Central
Windows Central
Technology
Sean Endicott

Intel faces lawsuit and accusations of inflating its stock price by sharing 'materially false or misleading statements'

Lenovo LOQ 15IAX9I.

What you need to know

  • Intel shareholders have filed a lawsuit against the chipmaker claiming that Intel hid negative information about Intel Foundry services.
  • Intel reported a $1.6 billion net loss in its most recent quarterly report and announced 15,000 layoffs as a cost-cutting measure.
  • In a single day, Intel's market cap fell by $32 billion.
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