08
Aug
A Missouri-based pension fund is accusing Intel, in a class action lawsuit, of hiding problems about its in-house chips manufacturing business ahead of the company's reported net loss and mass layoff of 15,000 jobs.Intel on August 1 announced a 15% reduction of its workforce after reporting a net loss of $1.6 billion for the second quarter.The Silicon Valley company, which once led the chips industry, has struggled to catch up with its rivals, mainly Nvidia, a longtime competitor that now has a stranglehold on the GPU business amid the AI race.A lawsuit filed in a San Francisco federal court on…