Intel Stock Surges Over 8% Amid Layoffs Report and Partnership with Fortinet

Intel (INTC) stock rose over 8.12% on Tuesday, driven by news of layoffs in its data center division aimed at achieving $10 billion annual savings and a new partnership with cybersecurity firm Fortinet to develop secure semiconductor chips.

By Rich Smith · Motley Fool · July 21, 2026, 18:31 UTC

Tickers: $FTNT $INTC $TSM

Topics: foundry_business layoffs partnerships

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