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Evening Standard

Business

Martyn Landi

Intel planning to cut more than 20% of staff – reports

Intel Corporation

(Yui Mok/PA) - (PA Archive)

Tech giant Intel is set to announce plans this week to cut more than 20% of its staff, according to reports.

The US chipmaker has seen sales decline in recent years as it has struggled to keep pace with rivals such as Nvidia in artificial intelligence (AI) computing.

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