Intel Inside - Folsom Outside

Paul Otellini says goodbye to communications and cell phone chip units in Folsom. In the past few years Intel has faced mounting competition from Advanced Micro devices for PC based microprocessors and continuing losses from its communication and cell phone chip businesses. These losses and a new CEO have compelled Intel to review its money losing divisions. Intel simply has not been able to compete in markets dominated by companies like Broadcom and Texas Instruments. Intel employs some 7,000 people at its plant in Folsom, CA.

"Ignore speculation about Intel's future direction and stay focused on business." - Paul Otellini, CEO to Intel employees in a company webcast

If you are at the Intel plant in Folsom and working in one of these divisions my advice would be to go straight to the online employment websites, do not pass go, you won't collect $200. Takeovers are always ugly and people always get fired. You are up for sale. Don't fool yourself. Head for the door now. I'm joking, sort of.

Anyone looking for a few good engineers?