News: Intel may delay fab projects, says report
Posted: September 5, 2006 06:24AM
- "As part of its major cost-cutting efforts, Intel Corp. could delay a pair of new 300-mm fab projects in Europe and the United States, according to online reports. In addition, the chip giant has also implemented a voluntary separation program for select employees worldwide, according to reports. As reported last week, embattled Intel is expected to announce major layoffs on Tuesday (Sept. 5), although estimates of how many workers will be cut are all over the map. Intel is expected to cut as many as 15,000 workers as part of a major "overhaul" at the company. The chip giant has about 100,000 employees worldwide. "