Boston, MA, 04/10/2014 (usastockreport) – Intel Corporation (NASDAQ:INTC) seems to be bouncing back this year with the share prices going up and the launch of a new phone lined up. So will this new beginning mark a rise in the earnings of Intel this year? Well, that is yet to be determined. Also, Intel Corporation had earlier this year announced a global reorganization, which unfortunately, seems to have begun with a loss of over 1500 jobs at the start itself.
Closure of the Costa Rica Plant
Intel Corporation (NASDAQ:INTC) is reported to have been closing the test operation factory situated in Costa Rica, which is predicted to end in around 1500 people losing their jobs. The shut down though might prove useful for Intel Corporation in one way or the other but when it comes to public welfare it sounds negative.
With the shut down of the Costa Rica plant, Intel Corporation looks forward to focus all its resources and energy on the mobile and smartphones market, simultaneously stepping out of the PC market. A spokesman from the Intel Corporation namely, Chris Kraeuter said that the company is doing so in order to meet its business needs and direct its time, energy and resources in a proper direction. This is expected to maximize the company’s profits in the long run.
The other spokesman from the Intel Corporation namely, Chuck Mulloy said that the shut down in Costa Rica will lead to an expansion of resting opportunities in Malaysia, China and Vietnam. The president of the Costa Rica namely, Elect Luis Guillermo Solis plant also made certain clarifications saying that government or market pressures did not in any way influence the shut down of the plant.
Intel-Asus Launch The ZenFone
Though the Intel Corporation (NASDAQ:INTC) lost the deal regarding the Samsung Galaxy Tab 4, but has recently entered into a new venture with ASUSTEK Computer Inc. (TPE:2357) to launch the ZenFone 4, 5 and 6 in China, which is an android smartphone powered by Intel.