microchips

Hurricane Helene Will Send Shockwaves Through the Semiconductor Industry
01 Oct

Hurricane Helene Will Send Shockwaves Through the Semiconductor Industry

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A spokesperson for Sibelco said: “As of September 26th, we have temporarily halted operations at the Spruce Pine facilities in response to these challenges.“We are working closely with our local team to safely restart operations as soon as we can and are actively coordinating with local authorities and other partners to manage the situation. Our top priority remains the health, safety, and wellbeing of our employees, as well as ensuring the security of the Spruce Pine facility.”Quartz Corp did not reply to an immediate request for comment from WIRED.Viral social media posts have claimed that due to the flooding, global…
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Intel Is Cutting More Than 15,000 Jobs Despite Getting Billions From the US Government
01 Aug

Intel Is Cutting More Than 15,000 Jobs Despite Getting Billions From the US Government

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In a move likely to raise a few taxpayer eyebrows, Intel said today that it will cut 15 percent of its workforce, or more than 15,000 jobs, as it struggles to rebound from disappointing results. In March, the US government said it would give Intel no less than $8.5 billion to help it rebuild its US chipmaking operations.Intel said that its revenues were down 1 percent year-on-year for the second quarter. “We do not take this lightly, and we have carefully considered the impact this will have on the Intel family,” CEO Pat Gelsinger said on an earnings call today.…
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