Intel profit slides due to restructuring costs

Intel has reported that its profits dropped last quarter due to heavy costs from a restructuring announced in April, however, company sales were up fueled by the strong performance of the company’s data centre group.

Qualcomm to cut workforce by 15%

According to recent reports Qualcomm will layoff about 15 percent of its workforce and may separate its chip and patent businesses as part of major realignment within the company.

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