Bloomberg: Intel layoffs - Phoenix Business Journal

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Bloomberg is reporting the major Arizona employer is looking at significant layoffs as the PC market further weakens. phoenix $INTC

that it lost to rival manufacturers. The company pushed heavily for recently approved federal incentives, and it announced major construction at manufacturing, or fab, sites in both Arizona and Ohio. In Chandler, the company is building two new fabs in a $20 billion project that has been expected to add 3,000 jobs.

The company is lobbying Oregon lawmakers for more incentives in order to continue growing in the state. Intel recently completed a, where the company does its manufacturing R&D. All new manufacturing processes are developed here and then sent to the company’s other production fabs. It is in the process of developing an application for federal incentives to create an Advanced Lithography Center to

 

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