When a billion dollar tech company set their sights on New Albany for their new $28 billion semiconductor fabrication factory, promises of thousands of new jobs were made.
But now, Intel announced that after losing $2.9 billion in their second-quarter, the chipmaker is delaying its construction plans. Not only that, but according to a memo by CEO Lip-Bu Tan, the company said they’ll be laying off 15% of employees to cut costs.
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