Intel announces sharp fall in profits
Computer giant Intel has announced that for the three months ending in June, revenue fell 24% to $6.3bn.
The world's largest manufacturer of computer chips blamed the slowdown in the US economy, slack PC sales and fierce competition.
The news will come as a blow to the 3,300 people Intel employs in Ireland.
The company is already discussing cost-cutting measures at its Co Kildare plant.
