(Bloomberg) -- Intel Corp. shares climbed in late trading after the chipmaker pledged to slash costs, an effort to weather a persistent slump in computer demand that is dragging down sales and profit and obstructing its turnaround efforts. Most Read from Bloomberg The company said actions including headcount reductions and slower spending on new plants will result in savings of $3 billion next year, with annual cuts swelling to much as $10 billion by the end of 2025.