Intel is finally pushing the pause button on its multi-billion-dollar expansion plans.
Intel has struggled in large part due to its foundry business struggles. Spinning off the foundry business could help remove a big anchor on the stock.
The Anti-Defamation League has joined a lawsuit alleging a hostile workplace, discrimination and wrongful termination at Intel brought by a former Israeli employee who alleges the company supported two executives who openly posted antisemitic propaganda tied to the Israel-Hamas war. It is the first time the ADL has sued a major American company in its over 100-year history.
Intel (INTC) closed at $21.15 in the latest trading session, marking a +1.81% move from the prior day.
Intel (INTC) said Thursday it has no plans to sell its majority stake in self-driving technology firm Mobileye (MBLY), ruling out one potential cost-saving option for the beleaguered tech giant.
Shares for Mobileye (MBLY) soared off the news that Intel (INTC) has no plans to sell its majority stake in the company. It's a tailwind for Mobileye after recently hitting its all-time low, but Kevin Green says more work that needs to be done for the company to continue its uptrend.
Tech stocks rebounded a day after the Federal Reserve cut interest rates by 0.5%. On top of that, Intel denied plans to sell its Mobileye investment this morning, sparking enthusiasm for driverless car stocks.
Mobileye Global Inc (NASDAQ:MBLY) is near the top of the Nasdaq Composite (IXIC) today, and that's saying something considering the broad-market burst from tech stocks this morning.
Mobileye and Intel shares have both been under heavy pressure this year, but Intel says it has no current plans to sell its majority stake, as some had feared.
Anti-Defamation League CEO Jonathan Greenblatt joins 'Squawk Box' to discuss the organization's decision to join an employee discrimination lawsuit against Intel, antisemitism in campus, and more.
A report had said Intel was exploring selling part of its stake in the autonomous-driving company.
These 10 semiconductor companies are least favored by analysts.