A very rocky road for U.S. chipmaking giant Intel

Описание к видео A very rocky road for U.S. chipmaking giant Intel

The U.S. government is reportedly cutting chipmaker Intel's federal grant by $0.5 billion having aimed to to boost domestic production of semiconductor chips.

This news comes after Intel axed thousands of jobs amid preparations to sell some of its campuses to cut costs.

Our correspondent John Terrett has the story from New York.

#Intel #Microchips #Economy #Wallstreet

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