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End of Intel?

syed putra

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Nope. Its not the rogue CIA. They are thriving. Its the semiconductor firm.

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Former Intel CEO asks people to pray and fast for employees​

Dec. 08, 2024 3:05 PM ETIntel Corporation (INTC) StockNVDABy: Vansh Agarwal, SA News Editor108 Comments
Play(2min)
President Biden Speaks At The Intel Ocotillo Campus In Arizona

Rebecca Noble/Getty Images News

Ousted Intel (NASDAQ:INTC) chief executive Pat Gelsinger asked people on Sunday to pray and fast for the chipmaker's 100,000 employees as investors wonder about the future of the semiconductor giant.

"This week I'd invite you to join me in praying and fasting for the 100K Intel employees as they navigate this difficult period," Gelsinger wrote in a post on X. "Intel and its team is of seminal importance to the future of the industry and
 
China imported $415.6 billion worth of integrated circuits (ICs) in 2022, with trade deficit of $261.6 billion in favour of China
She is the world's largest semiconductor market reaching 31.4% of worldwide chip sales
But silly trade sanction spoil the cake
 
Trade sanctions do not work, esp with a big trading partner like China, which is also the world's factory
1. It impacts your own big biz, reducing their exports and revenues
2. It raises the price of imported manufactured goods, resulting in consumer inflation
 
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