Intel won the dismissal of a shareholder lawsuit accusing the chipmaker of fraudulently concealing problems in its foundry business, leading to job cuts and a dividend suspension that wiped out more than $32 billion of market value in one day.

A U.S. District judge has rejected claims from Intel’s shareholders that Intel moved too slowly to reveal losses in its foundry business. Intel has had

A judge dismissed a shareholder lawsuit against Intel (NASDAQ:INTC) in a case that alleged the chipmaker had misled the plaintiffs regarding its Foundry business. U.S. District Judge Trina Thompson in the Northern District of California granted Intel's motion to dismiss the case on Monday,