Intel's Meteor Lake, Sapphire Rapids with HBM2E, Ponte Vecchio Pictured

Intel Tightens Purse, Halts Hiring for Two Weeks

Intel has elected to freeze all hiring for its Client Computing Group (CCG), responsible for development of end-user products focussed on 2-in-1, thin-and-light, commercial and gaming solutions. According to a memo seen by Reuters, Intel’s decision stems from a package of cost-cutting measures, and will serve as a breather for the company to re-evaluate its…

Biggest Mining Gear Maker Halts Sales Amid China Crypto Crackdown

Biggest Mining Gear Maker Halts Sales Amid China Crypto Crackdown

Bitcoin miners could be stuck with used rigs for a while. Bloomberg today reported that Bitmain indefinitely halted most of its sales after Chinese mining operations started dumping their equipment because they’re being forced to shut down. Bitmain makes cryptocurrency mining equipment based on application-specific integrated circuits (ASICs) designed specifically for that purpose. The company…