Times of IndiaLean R·
Intel stock falls most since 1974 as Israel plant shutdown hits; US stake loses $12B
Intel shares dropped substantially after the company provided a disappointing forecast concerning its earnings. The decline was influenced by a significant disruption at a fabrication plant in Israel, which caused an extended shutdown. Analysts noted ongoing weakness in the personal computer market impacting overall demand and revenue projections. Intel estimated a revenue loss of approximately $600 million due to the plant’s explosion.
Read at Times of India →
