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A bad day for Intel as rating lowered … but a great day for AMD

Following an announcement that Intel Corp.’s executive team will slash their salaries by up to 25 per cent and cut employees' pay by five per cent as a result of a dire economic slump, the dismal news continued yesterday, with S&P Global Ratings lowering the company's rating to A from A+. A statement from the
Lisa Su Santa Clara Davidt Tsui Intel Corp Advanced Micro Devices Intel Xeon

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