Intel slashes wages, bonuses after disastrous quarterly results

[Warpy]

5. Intel is finally modernizing and upgrading their chip lithography

after years of sitting on their hands because the tech was so expensive. Likely they've taken these measures only temporarily while the machines are built, delivered, and installed, something I suspect is going on here given the cranes at the local plant.

In any case, this is more likely due to that rather than poor sales or anything else, the lag time for installing any new tech and getting people trained on it analogous to large model changes in cars or anything else resulting in layoffs and furloughs in the short term.