Intel to cut 12,000 jobs as PC market declines
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.
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.