It's not Google's 12,000, but Intel plans to prune California headcount by 544
that Intel was taking a different approach in Ireland, offering staff at its Leixlip manufacturing plant in County Kildare the opportunity to take three months' voluntary unpaid leave from working at the facility.
However, Intel still has to invest in new production lines to ensure that it has enough capacity in the right manufacturing nodes to be able to address market requirements in future. At the World Economic Forum in Davos, CEO Pat Gelsinger told reporters that while the chip industry was entering a downcycle, it was important to continue investment to ensure that Intel would be well placed to take advantage once the economic situation picks up again.
For this reason, the company confirmed on Friday that it will plow an initial investment of more than $20 billion into the construction of two leading-edge chip fabrication facilities in the delightfully named Licking County in Ohio.to the Ohio fabs in November last year, saying that it would continue building manufacturing capacity despite a shrinking economy because it was important to diversify supply chains and have capacity for when it expects semiconductor demand to rebound.
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