In­tel to cut 12,000 jobs as PC mar­ket de­clines

China Daily (Canada) - - BUSINESS -

AROUND THEWORLD In­tel Corp will elim­i­nate 12,000 jobs, or 11 per­cent of its work­force, em­bark­ing on the deep­est cut­backs in a decade to pre­pare for a fifth year of de­clines in the per­sonal-com­puter mar­ket. The world’s big­gest maker of semi­con­duc­tors said it’s shift­ing fo­cus to higher-growth ar­eas, such as chips for data cen­ter ma­chines and in­ter­net-con­nected de­vices. In­tel also posted dis­ap­point­ing firstquar­ter rev­enue and gave a sec­ondquar­ter sales fore­cast that fell short of an­a­lysts’ es­ti­mates.

ZHU XINGXIN/ CHINA DAILY

Xu Xiaop­ing, founder of New Ori­en­tal Ed­u­ca­tion & Tech­nol­ogy Group and ZhenFund, tries the Doohan EV3iTank, an in­tel­li­gent lo­co­mo­tive itank in Bei­jing. De­vel­oped by Doohan Tech­nol­ogy Ltd, the ve­hi­cle has 17 pro­pri­etary tech­nolo­gies and adopts a dou­ble front-wheel struc­ture that gives riders an im­proved driv­ing ex­pe­ri­ence.

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