Photo: Paul Sakuma/AP
Intel has announced massive redundancies, with about 20% of its workforce in certain areas losing their jobs. The decision was part of a large-scale restructuring strategy amid a decline in demand, fierce competition from TSMC, Samsung and rising China, as well as changes in the global microchip supply chain. This was reported by Reuters.
The hardest hit will be offices in the US and Europe, where Intel has been trying to regain dominance in chip manufacturing. The company says it is focusing on investments in 2nm technology, artificial intelligence, and partnerships with governments to localise production.
Analysts note that this decision signals a deep transformation of the semiconductor market, where the US is losing ground and Asia, particularly Taiwan and South Korea, is strengthening its technological leadership.
