A federal judge has dismissed a lawsuit claiming Intel (INTC) defrauded shareholders by concealing its business problems, leading to a $32B one-day plunge to its market value, Jonathan Stempel of Reuters reports. U.S. District Judge Trina Thompson in San Francisco said that while she “understands plaintiffs’ frustrations,” the company did not wait too long to reveal a FY23 $7B operating loss in its foundry business.
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