Intel is currently facing a shareholder class-action lawsuit for allegedly concealing issues within its foundry business. The lawsuit claims that Intel failed to disclose problems that ultimately led to delays in developing its 7-nanometer chips, causing a drop in Intel’s stock value. Shareholders are seeking compensation for their losses due to the alleged lack of transparency regarding the foundry business problems.
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Tech tariff exemptions are only temporary, according to Trump’s commerce secretary
The tech industry may not be safe from new tariffs U.S. Commerce Secretary Howard Lutnick indicated that the tech industry could face new tariffs despite the Trump administration's recent announcement to exempt consumer electronics like laptops and smartphones from earlier tariffs. Although Trump delayed several tariffs this week, he maintained a 10% tariff on certain goods. This situation reflects ongoing uncertainty regarding the impact of tariffs on the tech sector. Full Article
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