Intel Faces Shareholder Lawsuit After $32 Billion Market Value Evaporation

August 08, 2024 – Intel, the U.S. chipmaking giant, faced a class-action lawsuit from its shareholders on Wednesday, according to a report by Reuters. The plaintiffs accused the company of concealing significant operational issues, leading to poor performance, massive layoffs, and the suspension of dividends. Consequently, the company’s stock price evaporated more than $32 billion…

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