Intel Dodges $32 Billion Bullet! Court Sides with Tech Giant in Fraud Case Archives

Intel Dodges $32 Billion Bullet! Court Sides with Tech Giant in Fraud Case

March 7, 2025 by Subhashree

Intel just scored a major legal victory after a U.S. court dismissed a shareholder lawsuit accusing the company of misleading investors about massive losses in its foundry business. The lawsuit claimed that Intel deliberately delayed disclosing a $7 billion loss in its foundry operations for 2023, causing stock prices to be artificially high. When the … Read more

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