Intel Corp.'s cash position has become difficult enough that the company is slashing its dividend by nearly two-thirds.
Cutting its dividend will give Intel the flexibility to make that investment and undertake the wider transformation CEO Pat Gelsinger has envisioned for it, it said in the press release. Gelsinger has dubbed his plan IDM — integrated device manufacturing — 2.0.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street has a higher chance of hitting earnings estimates: Jeremy SiegelJeremy Siegel says earnings estimates on Wall Street have a higher chance of being met as recession risk eases
Source: BusinessInsider - 🏆 729. / 51 Read more »