Chipmaker Intel announces plans to sell, lease back Folsom site in effort to cut costs

Intel announces plans to sell, lease its Folsom site 00:21

FOLSOM – Chipmaker Intel Corp. announced plans to sell and lease back its Folsom site nearly a month after the technology giant said it would be laying off nearly 300 employees at the site in November.

Folsom is one of the fastest-growing cities in California and tech jobs are a big reason for that growth.

However, in October, Intel announced that it would begin to lay off 272 employees at the Folsom site on Nov. 12…

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