Intel recently reported a 90% drop in same quarter profits and now the company is announcing the diet plan. There are plans to stop production at five factories across the globe which will affect 5,000 to 6,000 employees. This including the 200mm wafer fabrication facility in Hillsboro, Ore, btw. The Intel press release did indicate that the closure of these facilities will not impact the deployment of the 45-nanometer and 32-nanometer production. Hopefully that’s true.
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