Intel to Hire Workers From Hewlett-Packard

Intel Corp. said it agreed to hire most of the employees from a Hewlett-Packard Co. unit that builds chip sets for server computers that run Web sites.

The employees, part of the Cupertino Systems Lab, will join Intel on Sept. 24, Intel spokesman Robert Manetta said. Palo Alto-based Hewlett-Packard is closing the group, which has fewer than 100 people, he said. Santa Clara, Calif.-based Intel offered jobs to the entire group and “virtually all” accepted, he said.

Hewlett-Packard agreed to buy Houston-based Compaq Computer Corp. last week and must decide where to slash 15,000 people from the combined company, in addition to 7,000 workers it previously planned to cut this year.