Intel to Lay Off 700 as Massachusetts Plant Closes
Chipmaker Intel plans to close a fab in Hudson, Mass., and fire about 700 people as a result, according to a report in the Boston Globe. Intel first acquired the facility, now used to make low-end chips, from Digital Equipment Corp. in 1998. The company said 100 people will lose their jobs over the next four months; the rest will stay on until the plant closes for good.