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Reuters

Reuters

Technology

Technology

Intel defeats shareholder lawsuit over foundry losses, $32 billion plunge

Reuters
Summary
Nutrition label

79% Informative

Intel won the dismissal of a shareholder lawsuit accusing the chipmaker of fraudulently concealing problems in its foundry business.

The lawsuit accused Intel of inflating its stock price from January 25 to August 1, 2024 , when Intel posted a $1.61 billion quarterly loss and said it would lay off more than 15,000 people and suspend its dividend.

Intel 's share price fell 26% the next day , resulting in the $32 billion loss of market value.

VR Score

91

Informative language

98

Neutral language

49

Article tone

formal

Language

English

Language complexity

55

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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