Intel hits the brakes on its automotive business, and layoffs have started
Intel is shuttering its automotive architecture business and laying off most of its staff as part of a broader restructuring at the chipmaker. The news was first reported by The Oregonian/Oregon Live, which cited an internal memo that was shared with employees Tuesday morning. Intel confirmed to TechCrunch that plans to wind down the auto business were communicated internally on Tuesday. “As we have said previously, we are refocusing on our core client and data center portfolio to strengthen o