Intel Faces New Lawsuit after Shareholders Allege Chipmaker Fraudulently Concealed Problems, Leading Market Value to Sink over $32 Billion in a Sin...

[Tsing]

Intel, a chipmaker that has recently been in the headlines for a handful of terrible reasons, including the laying off of 15K employees as part of a cost-reduction plan and the instability of its newer desktop processors (i.e., 13th and 14th Gen Core CPUs), is about to face another lawsuit, one that has been launched by shareholders who allege the chipmaker fraudulently concealed problems that ultimately caused the company's market value to sink more than $32 billion in a single day, according to online reports.

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[Niner51]

They had it coming.