“Intel is working with advisors including Morgan Stanley to help defend itself against activist investors, according to people familiar with the matter.
Intel lost its title as largest U.S. chipmaker by revenue last year, as Nvidia’s booming artificial intelligence business lifted it to the top. Nvidia had long since surpassed Intel in terms of market cap and is now valued at more than $3 trillion, making it roughly 35 times the size of its smaller rival.
Intel has also fallen behind Advanced Micro Devices , Broadcom , Qualcomm and Texas Instruments by market cap.
Earlier this month, Intel announced that it’s cutting roughly 15% of its workforce, or 15,000 jobs, as part of a $10 billion cost-reduction plan.
At the same time, the company reported quarterly results that trailed Wall Street estimates and said it won’t pay a dividend in the fiscal fourth quarter.”
– – – – –
Where are all the billions that Biden gave just some months ago to intel in order to create jobs for Americans workers …shares Buybacks!!
Far right extremists libertarians tech bros predatory practices dismantling America economy system and Americans workers future…..🤑
1 comment
“Intel is working with advisors including Morgan Stanley to help defend itself against activist investors, according to people familiar with the matter.
Intel lost its title as largest U.S. chipmaker by revenue last year, as Nvidia’s
booming artificial intelligence business lifted it to the top. Nvidia had long since surpassed Intel in terms of market cap and is now valued at more than $3 trillion, making it roughly 35 times the size of its smaller rival.
Intel has also fallen behind Advanced Micro Devices
, Broadcom
, Qualcomm
and Texas Instruments
by market cap.
Earlier this month, Intel announced that it’s cutting roughly 15% of its workforce, or 15,000 jobs, as part of a $10 billion cost-reduction plan.
At the same time, the company reported quarterly results that trailed Wall Street estimates and said it won’t pay a dividend in the fiscal fourth quarter.”
– – – – –
Where are all the billions that Biden gave just some months ago to intel in order to create jobs for Americans workers …shares Buybacks!!
Far right extremists libertarians tech bros predatory practices dismantling America economy system and Americans workers future…..🤑