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Intel Dumps All Of Its Shares In Arm Holdings, Still Retains Exposure To Astera Labs, Joby Aviation, MariaDB, And Senti Biosciences

NewsTech

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Intel

It is an all-hands-on-deck type of situation at Intel, where the former behemoth of the semiconductor sphere is now trying to conserve cash by slashing dividends and payrolls, and attempting to raise additional funding by culling extraneous investments. A case in point: Intel has now sold all of its stake in Arm Holdings. As we've noted in a number of recent posts, Intel is traversing a multidecadal nadir at the moment, having failed to meet the consensus expectations of analysts for its top-line and bottom-line metrics in Q2 2024, and compounding this failure by posting underwhelming results for the key […]

Read full article at https://wccftech.com/intel-dumps-all-of-its-shares-in-arm-holdings-still-retains-exposure-to-astera-labs-joby-aviation-mariadb-and-senti-biosciences/

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