Intel sells stake in UK chip designer Arm amid company-wide restructuring and cost cuts

📆 14/08/2024 02:17:00
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Intel has sold its 1.18 million stake in British chip firm Arm Holdings, a regulatory filing showed on Tuesday, as the company cuts costs.

Intel has sold its 1.18 million stake in British chip company Arm Holdings, a regulatory filing showed.

Intel had cash and cash equivalents of $11.3 billion, and liabilities of about $32 billion at the end of June, according to its$10 billion cost-reduction planOver 2,300 pounds of meth found hidden in celery at Georgia farmers market

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