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Intel says it will slash workforce to cut costs
Intel says it will slash workforce to cut costs
Technology
by  AFP

US chip maker Intel said Thursday it will slash more than 15 percent of its workforce as it streamlines operations. In June, Intel announced it was halting the expansion of a major factory project in Israel, which was going to pump an extra $15 billion towards a chip plant.

Amazon quarterly profit doubles as cloud business grows
Amazon quarterly profit doubles as cloud business grows
Technology
by  AFP

Amazon reported Thursday its profit in the recently ended quarter doubled to $13.5 billion with the help of renewed momentum of its AWS cloud computing business. AWS had 31 percent of the cloud computing market at the end of 2023, according to Stocklytics.