Intel's gloomy forecast may worry automakers amid microchip crisis
Intel is a major supplier of semiconductors to the automotive industry, having supplied chips installed in more than 50 million vehicles
Intel Corp. experienced a significant downturn, with its shares plummeting over 26% in response to a dismal growth forecast and a major job cut announcement, marking its sharpest decline since at least 1982, and eroding about $32 billion in market value, as reported by Automotive News on Aug. 2.
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