Intel's plan for massive job cuts is creating uncertainty in one of New Mexico's largest cities.
The massive shakeup announced by Intel reflects the rapid changes in the tech sector and aims to position the Silicon Valley titan for a post-PC world.
Intel will cut up to 12,000 jobs worldwide as it seeks to shake up its business to reduce dependence on the slumping personal computer market, the US tech giant said Tuesday.
Slowing global demand for personal computers and smartphones slashed the profits of South Korean semiconductor giant SK Hynix by half in the fourth quarter, the company said Tuesday.
Last year ended with a record-setting drop in personal computer shipments, with Apple bucking the trend, according to a report.
The PC industry had another down year in 2015, as global shipments fell for the fourth-consecutive year despite new models and the release of Microsoft's Windows 10 operating system.
Microsoft's Windows 10 is running on 200 million personal computers and other devices, the company says.
Global PC sales are still falling, and will likely remain on the decline through 2016, a market tracker said Monday.
Chinese technology giant Lenovo said Thursday it saw a loss for the second quarter following a restructuring plan, despite stronger sales in its mobile business.
One of the nation's most storied tech companies will split in two this weekend, another casualty of seismic shifts in the way people use technology—and big-company sluggishness in responding.