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International Business Times
International Business Times
Business

US Chip Maker Intel Says Revenue Rose As It Cut Ranks

Silicon Valley chip maker Intel says it cut about 15 percent of its 'core workforce' in the recently ended quarter (Credit: AFP)

Intel on Thursday posted quarterly revenue that topped market expectations, saying it has cut about 15 percent of its workforce to be "more agile."

The US chip maker also said it "will no longer move forward" with projects in Germany and Poland as part of a push to save billions of dollars.

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