Intel to cut 12,000 jobs as sales disappoint

Intel, the world’s biggest maker of semiconductors, said it will cut 12,000 jobs, or 11% of the workforce, as the PC market heads toward a fifth year of decline.

There was no word last night about the impact on Intel’s presence in Ireland.

The company said it is shifting its focus to higher-growth areas, such as chips for data centre machines and connected devices.