Truly bad times now, sales are not moving, inventories are high. Last week, Intel announced that it will close some of its manufacturing sites as part of cost control measures… today we found out that 2 of PG’s factories had been impacted. This is bad, rumours are saying more than 2 thousand PG jobs affected, thats 30% of Intel PG workforce.
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Oh dear… Are you impacted?
NO.. impact only manufacturing. R&D safe for now.