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France 24
France 24
Technology
Peter O'BRIEN

Intel, Nvidia suffer in tough week for chip-manufacturing industry

Intel Corporation Nvidia Semiconductor Stock Market
TECH 24 © FRANCE 24

It’s been another wobbly week for the global semiconductor industry. Nvidia suffered the biggest one-day loss in stock market history, while Intel kept making headlines for its plans to cut costs. 

California-based Intel, which makes chips used in laptops and desktop computers around the world, is considering a host of cost-cutting options, after reporting a disastrous second quarter and plans to cut 15 percent of its workforce. 

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