1. Apple loses landmark tax case against the EU and is ordered to pay €14.5 billion in unpaid taxes to Ireland; 2. The ruling ends a 10-year battle over Apple's tax payments in Ireland; 3. Apple expresses disappointment with the decision, emphasizing it has always paid all taxes owed and questioning the retroactive nature of the ruling.
Recent #Ireland news in the semiconductor industry
➀ Intel is reportedly considering a radical restructuring, including possible divestment of its nascent 'foundry' unit. ➁ The company has announced a 15% job cut and faced dismal quarterly earnings losses. ➂ This restructuring could have significant implications for Intel's operations in Ireland, where it is a major employer.
➀ Intel offers a voluntary severance package of €500,000 to employees in Ireland. ➁ Employees must apply by August 23, with approval notifications on September 6 and departure on September 30. ➂ Intel plans to cut 15% of its Irish workforce, potentially affecting 730 employees. ➃ The company reported a net loss of $16 billion in Q2 2024, with disappointing revenue guidance for Q3 2024. ➄ Intel plans to reduce capital expenditures by over 20% for new factories and equipment in 2024.