Intel slashes dividend by 66% - Silicon Valley Business Journal

📆 23/02/2023 01:32:00
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Short on cash, Intel is doing what a Wall Street analyst described as 'inevitable.'

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.

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