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Left Behind in the Mobile Revolution, Intel Struggles to Innovate

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Intel announced last month that it is laying off 11 percent of its workforce. As sales of personal computers decline, the company plans to shift its business to cloud computing.

Credit: Laura Rauch/AP

Intel was once known for its success in branding personal computers with microprocessors, a technology that fueled the digital revolution. But the Silicon Valley veteran announced last month it would lay off 11 percent of its workforce—up to 12,000 positions—and that it's shifting away from personal computing.

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