– Intel shares plunged 27% due to a big earnings miss and massive restructuring announcement
– Taiwan Semiconductor Manufacturing Co. and Samsung also saw declines in stock prices
– Intel reported a net loss and lowered capital expenditure forecast
– CEO Pat Gelsinger announced a significant company restructuring
– Job cuts of more than 15% of employees are expected this year
– Nvidia is reportedly under a U.S. Department of Justice antitrust investigation
– Other semiconductor stocks also saw declines in response to the news