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Business Today |
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Friday, 23 January, 2026 | | |
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Editor's Note |
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Good morning, reader |
Intel shares plunged as much as 14 per cent in late trading overnight after chief executive Lip-Bu Tan gave a lacklustre forecast and warned that the chipmaker was struggling with manufacturing problems.
First-quarter projections for revenue and earnings both fell well short of Wall Street estimates. A conference call with analysts, where Tan said it would take “time and resolve” to turn around the company, sent the shares down further.
At home, former minister for finance Paschal Donohoe reversed a decision that officials said could create “more of a level playing field” in the operation of the State’s €200 million-a-year bank levy.
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Colin Gleeson |
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