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Intel will shut down its automotive business, lay off most of the department’s employees
It's the latest step in the chipmaker's dramatic downsizing.
Intel will shut down its small automotive business and lay off the majority of the workers in that segment, the latest step in the chipmaker’s dramatic downsizing. “As we have said previously, we are refocusing on our core client and data center portfolio to strengthen our product offerings and meet the needs of our customers,” Intel said in a written statement to The Oregonian/OregonLive. The company hasn’t articulated, though, how those cost cuts will make Intel chips more competitive with designs from rivals AMD and ARM Holdings, which are taking market share in the PC and data center businesses.
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