Another cut for Intel; Chipmaker announces closure of this business unit; to layoff ‘most’ of the staff

Intel is shutting down its automotive chip division and laying off the majority of employees in the section, reports The Oregonian. As per the report, the company has sent an internal memo to its employees, informing them about the decision. “Intel plans to wind down the Intel architecture automotive business,” the company told employees, adding that the move is part of a larger plan to focus on its “core client and data center portfolio.”

In a statement to the publication, Intel said “As we have said previously, we are refocusing on our core client and data center portfolio to strengthen our product offerings and meet the needs of our customers”.