Intel, facing challenges to maintain its relevance in the chip industry and having announced thousands of job cuts, sold its 1.18 million share stake in British chip firm Arm Holdings in the second quarter, according to a regulatory filing released on Tuesday. The sale would have netted Intel around $146.7 million, based on Reuters calculations of the average price of Arm's stock between April and June.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.