This most profitable and exciting semiconductor company created more than 50 years ago, (in Jul 18, 1968 to be exact). This American multinational and technology corporation, from Santa Clara, California and incorporated in Delaware is up for a take over from Qualcomm??
Well, that is what the Wall Street journal is announcing.
The trouble for INTEL began after reporting $1.6 billion loss due to struggling data centers and foundry divisions. It is forecasting a layoff of 15% of its employees and suspending its dividend to investors.
Wonder what effect this is going to have in the $350 million investment to expand its semiconductor assembly and testing operations in Costa Rica the new “Silicon Valley of Latin America.”