Intel exits car chip business, confirms layoffs across automotive group |
Intel is shutting down its automotive processor division and letting go of most of the employees working in that segment. The decision comes as part of the company’s ongoing effort to scale down and focus more on its main businesses, such as client computing and data centres. The move was officially shared with staff in an internal note on Tuesday, first reported by OregonLive.
The chip giant said it will continue to fulfil its existing commitments in the automotive segment before exiting. Intel hasn’t shared how many jobs will be affected, but called it a “wind down” of the entire automotive........