Intel is facing a class action lawsuit brought by some of its own shareholders, in a case that specifically names Intel CEO Pat Gelsinger and CFO David Zinsner among the defendants. The case alleges that Intel engaged in a “fraudulent scheme,” by failing to inform investors about the scale of losses endured by its chip-making foundry business. Intel’s share price has had a rough ride lately, plummeting from $47.80 at the start of 2024 to just $19.64 right now, with a particularly sharp drop after its Q2 2024 financial results were announced, along with a plan to lay off over 15,000 workers. Meanwhile, the best gaming CPUs made by Intel are having to be fixed by microcode updates to stop them crashing. Continue reading Intel’s shareholders are suing the firm, alleging “fraudulent scheme” MORE FROM PCGAMESN: Core i5 14600K review, Best gaming CPU, Core i9 14900K review