Daily Archives: February 11, 2009

  • Shrugging off the recession, Intel is investing $7bn in new US facilities. The work, which should preserve 7,000 jobs, will go towards a new manufacturing process that will make already tiny chips even tinier. By increasing capital spending during the slump, Intel is proudly holding itself up as a model corporate citizen.
  • While the murky origins of Facebook continue to be a source of endless intrigue, one new wrinkle has emerged. Reports say Facebook paid the founders of ConnectU $65m to settle lawsuits that accused Facebook chief executive Mark Zuckerberg of stealing the idea for the site. The claimwas mistakenly printed in promotional material for the law firm that represented ConnectU.

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Chris Nuttall

If the daily bad news about semiconductors continues much longer, Silicon Valley may shrink to a gulch.

The headlines were unrelentingly dismal on Tuesday as the industry reeled from collapsing demand.

Consider these lowlights: Read more