Intel Closes Auto Division, Announces Layoffs in Munich

Intel, a big computer chip maker, is closing its car parts division.

This means many workers will lose their jobs.

Intel wants to focus on making chips for computers and data centers instead.

They had invested in self-driving car technology, including buying another company called Mobileye.

Intel is also planning to have another company, Accenture, handle some of its marketing.

This change is part of a bigger trend in tech where companies are cutting costs.