Aug 7 (Reuters) - Intel ( INTC ) was sued on Wednesday

by shareholders who said it fraudulently concealed problems that

led to weak second-quarter results, and prompted the Silicon

Valley chipmaker to suspend its dividend and to plan cutting its

workforce by 15%.

The proposed class action filed in San Francisco federal

court seeks unspecified damages. Intel ( INTC ) Chief Executive Patrick

Gelsinger and Chief Financial Officer David Zinsner are also

defendants.