News Formal

Intel will ‘focus’ less on buying back company stock -CEO

  • 📰 Reuters
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

The chief executive of the biggest U.S. chip-maker, Intel Corp (INTC.O), said the company is going to curb its focus on buying back its own stock.

The chief executive of the biggest U.S. chip-maker, Intel Corp"We will not be anywhere near as focused on buybacks going forward as we have in the past," Intel Chief Executive Officer Pat Gelsinger said in an interview on the CBS news magazine "60 Minutes" to air on Sunday night.

A global shortage of semiconductor chips, critical in cars, laptops and other major consumer products, has put a spotlight on Intel, the only major U.S. chip manufacturer.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Intel is a stamp on a TSMC chip.

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:

 /  🏆 2. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European markets head for choppy open; earnings, U.S. inflation in focusEuropean stocks are expected to open largely flat to lower on Wednesday as global markets gear up for the latest reading of U.S. inflation. 1/8 Solar & Wind are 0 emissions? Each 1 MW of solar farm power requires between 35 to 45 tons of steel, + you need to dig for cadmium, gallium, germanium, etc Make silicon Silicon metal is made from the reaction of silica (SiO2) -
Source: CNBC - 🏆 12. / 72 Read more »