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In a major development, Intel (INTC) recently announced it would suspend its quarterly dividend and cut 15% of its workforce, as part of a turnaround strategy aimed at addressing challenges in its manufacturing business and its lagging position in artificial intelligence (AI) chips. While this news may be a blow to Intel investors, it has created a void in the market for dividend-seeking investors looking for quality, large-cap semiconductor stocks that offer strong growth prospects and reliable passive income streams. And despite Intel’s struggles, the semiconductor market as a whole is thriv…

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