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Intel Stock Plunges as Foundry Struggles and Job Cuts Shake Investor Confidence

Buckle up, folks, because Intel (INTC) is making waves in the market today—and not the good kind! As of this writing, Intel stock is taking a beating, dropping over 8% in premarket trading to around $20.75 after a rough second-quarter earnings report. The chip giant posted a surprise loss, raised red flags about its foundry … Read more

Intel to lay off up to 20% of Intel Foundry workers

Intel will begin a new round of layoffs next month. The semiconductor giant plans to lay off 15% to 20% of workers in its Intel Foundry division starting in July, according to an internal memo originally reported on by The Oregonian. Intel Foundry designs, manufactures, and packages semiconductors for external clients. It’s unclear how many … Read more

Fractal Bitcoin secures 93% of Bitcoin’s hashrate after Foundry joins

Bitcoin’s layer 2 scaling solution, Fractal Bitcoin, significantly increased its network security by onboarding one of the largest crypto mining pools. Fractal Bitcoin (FB), a layer 2 scaling solution for the Bitcoin (BTC) network, recently secured a major win in terms of its security. On Thursday, April 24, the project managed to secure Foundry, one … Read more

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