Intel

Intel Triumphs in Court Following $32 Billion Market Plunge and Subsequent Staff Reductions

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San Francisco – In a significant legal victory, Intel has emerged successful from a shareholder lawsuit that had accused the semiconductor giant of misleading investors, which allegedly led to a staggering $32 billion in market losses. This lawsuit was linked closely to a drop in share value that precipitated widespread layoffs within the company. The case revolved around accusations that Intel had failed to disclose in a timely manner the challenges and delays associated with its next-generation manufacturing technology. Investors claimed that Intel’s management was aware of the issues much earlier than they disclosed to … Read more

Intel Hit with Lawsuit Over Alleged Pre-Known Flaws in Raptor Lake CPUs

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San Francisco, CA – Intel Corp., a giant in the semiconductor industry, is now embroiled in a class-action lawsuit, allegations surging that it sold processors with known defects. The federal lawsuit, lodged in California, points to purported stability issues in Intel’s 13th and 14th Gen Raptor Lake processors, which are claimed to have been known before these products were released to the public. The legal action is initiated by Mark Vanvalkenburgh of Orchard Park, New York, who voiced frustrations with the Core i7-13700K CPU he bought in January 2023. According to the plaintiff, the processor … Read more