folsomtimes.com

Intel Keeps Ownership of Folsom Campus After Scrapping Planned Sale

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Sig2.38Sen+0.63Env0.00Soc-0.53Gov0.00

Intel says it will not sell its large Folsom campus after putting the property on the market for nearly two years. The company concluded that retaining ownership better fits long-term goals, reversing a November 2024 plan for a 12-year leaseback of four buildings totaling about 1.02 million square feet. The decision came amid broader cost-cutting, including workforce reductions that affected Folsom.

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