Intel plans to close factory in U.S.

Note: This section contains information in English only.
Source: World Socialist Web Site
© Scanpix/Reuters
Intel Corp., an American semiconductor manufacturer, announced 1100 job cuts by the end of this year, including closure of a plant in Massachusetts, where 700 jobs are supposed to be eliminated. 400 more jobs of Intel will go at its facility in New Mexico. Before the opening of the market Intel Corp. futures are trading 0.77% higher from Friday's closure, reaching $23.62 per share.
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