{"id":841203,"date":"2024-08-05T10:06:25","date_gmt":"2024-08-05T04:36:25","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=841203"},"modified":"2024-08-05T10:06:25","modified_gmt":"2024-08-05T04:36:25","slug":"intel-shares-see-biggest-ever-drop-in-50-years-loses-30-billion-plus-in-market-value-in-one-day","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/05\/intel-shares-see-biggest-ever-drop-in-50-years-loses-30-billion-plus-in-market-value-in-one-day\/","title":{"rendered":"Intel shares see biggest-ever drop in 50 years, loses $30 billion-plus in market value in one day"},"content":{"rendered":"<p>Intel Corporation suffered its worst single-day stock decline since 1974 on Friday, losing over $30 billion in market value, as the chip giant announced drastic measures to fund a costly turnaround. The company suspended its dividend and plans to cut 15% of its workforce amid growing concerns about its ability to compete with rivals like Taiwan Semiconductor Manufacturing Company (TSMC).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Intel Corporation suffered its worst single-day stock decline since 1974 on Friday, losing over $30 billion in market value, as the chip giant announced drastic measures to fund a costly turnaround. The company suspended its dividend and plans to cut 15% of its workforce amid growing concerns about its ability to compete with rivals like Taiwan Semiconductor Manufacturing Company (TSMC).<\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[87,4,11],"tags":[],"class_list":["post-841203","post","type-post","status-publish","format-standard","hentry","category-it-2-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/841203","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=841203"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/841203\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=841203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=841203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=841203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}