Intel Sells Stake in Arm Worth $147 Million as It Seeks to Reduce Operational, Capital, and Other Costs

[Tsing]

Intel, a semiconductor giant that recently announced it would be taking several drastic actions to turn around what has apparently been disappointing business, including laying off 15% of its workforce as part of a cost savings plan, has sold its entire share stake in British chip firm Arm Holdings, according to a regulatory filing that surfaced this week.

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[Uvilla]

Stock buybacks is the way to go /s

 

[Grimlakin]

147 million seems like pocket change to Intel's problems. Did that investment demand more capital expenditure from Intel?

 

[Brian_B]

Hey that saves 1/4 of an executives job!