Intel has sold 1.18 million shares of ARM!
$Intel (INTC.US)$A British semiconductor design company as part of the company's restructuring and cost reduction $Arm Holdings (ARM.US)$ of1.18 million sharesI sold it. According to regulatory documents, due to this sale,Intel earns revenue of approximately $0.147 billionIt's possible.
According to Intel's latest financial report, as of the end of June, cash and cash equivalents were $11.3 billion and liabilities were approximately $32 billion. Recently, the company announced a $10 billion cost reduction plan, cutting approximately 0.01 million5,000 personnel, abolishing dividends for the fourth quarter, and reducing capital expenses.
Intel's stock price recorded a sharp decline for the first time in 50 years after the announcement because quarterly results fell below expectations and the outlook for the current fiscal year was sluggish. As competition intensifies, Intel decided to accelerate production of Core Ultra PC chips for AI, compounding recent losses.Arm's stock priceSince listingdoing wellSo, starting this year, about65% increaseI'm doing it.
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