Wall Street rolled to more records on Thursday as Nvidia and Intel led a rally for technology stocks after announcing a deal that includes a $5 billion investment. The S&P 500 rose 0.5% and is on ...
The US government has taken an $8.9 billion, 9.9% stake in Intel (INTC), buying 433.3 million shares in the chipmaker at a price of $20.47 per share. The government’s investment in Intel will be ...
Intel said Thursday it has mostly completed plans it announced last quarter to cut 15% of its workforce, as the struggling chipmaker attempts a turnaround. The layoffs, tucked in Intel’s second ...
Lip-Bu Tan, Intel’s top executive, said he was committed to the company after Mr. Trump called for him to step down over reported Chinese investments. By Isabella Kwai The chief executive of Intel, ...
President Donald Trump on Friday said the U.S. government had reached a deal to take a 10 percent equity stake in the chipmaker Intel, worth approximately $10 billion. “I said, I think it would be ...