Fund will start operating independently under a new name in the latter part of 2025

Job postings reveal company is developing a “server solution for data center applications”

Two interim CEOs have been appointed until a replacement is found

Company will receive $7.9bn

Ministers undecided about how the funds should be reallocated

Has three R&D centers in the middle eastern nation

Results a “good step” says CEO, despite largest-ever loss

Will also establish customer solutions center at the site

Part of a broader plan to cut 15,000 jobs

Company said product unit was not for sale

Troubled chipmaker is attracting interest

Could include proposal to shed Altera chip unit or shelve German chip fab

Chipmaker also looking to fend off potential activist campaign from investors

Sales comes weeks after Intel posted Q2 2024 financial woes

Workers who are approved for the scheme will leave company on September 30

Collaboration between 36 partners from 11 countries

Company saw its stock price sink after results were published

Company due to post Q2 2024 results this week

First day at the company is August 12

Both companies are currently constructing facilities in Arizona

Semiconductor equipment manufacturers could be targeted by new restrictions

US government finalizing legislation to limit funding for Chinese firms

Adding infrastructure and equipment to facility

Proposed site contains high levels of valuable black soil