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Intel to sell Folsom campus real estate, lease space in $10B cost-cutting effort

Summary by folsomtimes.com
In a strategic move to streamline operations and recover from financial losses, Intel Corporation announced plans to sell its Folsom campus and lease back a portion of the space under new ownership. This decision, part of a broader cost-cutting strategy, comes after significant layoffs and industry challenges over the past two years. The 150-acre campus, located at Prairie City Road and Highway 50, has been a hub of Intel’s operations since 1984…
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