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15th August 2024, 05:20 | #1 |
[M] Reviewer Join Date: May 2010 Location: Romania
Posts: 152,472
| Intel Parts Ways with Arm Holdings, Sells Entire Stake As Intel's recent challenges continue, the company just sold its 1.18 million share stake in Arm Holdings during Q2, as revealed in a recent regulatory filing, according to Reuters. The sale potentially generated around $146.7 million for Intel, based on Arm's average stock price between April and June. The company recently announced plans to reduce its workforce by over 15% (about 15,000 jobs) and suspend dividend payments, reflecting a downturn in traditional data center semiconductor demand and a shift towards AI chips, a sector where Intel trails competitors like NVIDIA. https://www.techpowerup.com/325555/i...s-entire-stake |
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