My Way Finance: "KUALA LUMPUR (Reuters) - Intel Corp. (INTC), the world's biggest microchip maker, is set to announce sweeping job cuts later on Tuesday, the Financial Times said, amid speculation that up to 10 percent of its staff could go.
Intel is expected to slash its 100,000-strong workforce after second-quarter net profit fell 56 percent as it cut prices to compete with arch rival Advanced Micro Devices Inc. (AMD)"
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