for November, INTC stock remained relatively flat, slightly climbing from $22.16 to present $22.79 per share in those two weeks.
Yet, despite the heavy investments in long-term R&D, production and labor costs, Intel’s operating cash flow remained strong at $5.1 billion vs $6.8 billion in 2023 . Excluding capital expenditures, one-time expenses and restructuring costs, Intel’s adjusted free cash flow improved by 93%.As mentioned previously, Intel is going ahead with its plan to cut its workforce by 16,500 employees, as a part of the $10 billion cost-cutting plan.
However, bureaucratic delays are not surprising. Notably, when the Biden admin announced the Broadband Equity Access and Deployment program worth $42.45 billion in June 2023, it has yet to connect a single person.show, former President Donald Trump addressed the CHIPS Act rollout. He proposed a different approach entirely, one that relies on a “series of tariffs” instead to disincentivize domestic semiconductor companies from outsourcing.
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