#intel

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    INTEL SECURES $3.5 BILLION DEAL TO PRODUCE ADVANCED CHIPS FOR U.S. MILITARY

    Intel is poised to receive up to $3.5 billion in federal grants under a strategic agreement with the U.S. government to manufacture cutting-edge semiconductors for military and intelligence applications. The deal is part of the Pentagon's "Secure Enclave" program, which focuses on developing...
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    INTEL UNVEILS CORE ULTRA 200V PROCESSORS TO RECLAIM MARKET SHARE FROM QUALCOMM AND AMD

    Intel has launched its second-generation Core Ultra 200V processors, designed to strengthen its position in the increasingly competitive laptop market against rivals Qualcomm and AMD. These new chips, which are part of Intel's broader strategy to regain market dominance, boast significant...
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    Intel's Dow Status Under Threat as Shares Plummet

    Intel Corporation (INTC), a long-standing member of the Dow Jones Industrial Average since 1999, is facing the possibility of being removed from the index due to a significant decline in its share price. Intel's stock has dropped nearly 60% this year, making it the worst performer on the Dow...
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    Intel Stock Drops Amid Doubts About New Plant in Germany

    Intel (INTC) shares fell 6.1% on Thursday due to concerns over delays in the construction of two new semiconductor fabrication plants in Magdeburg, Germany. Originally scheduled to begin operations by 2027, the project's timeline is now uncertain, sparking investor worries. These concerns come...
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    Intel Faces Shareholder Lawsuit Over Massive Stock Drop Following Job Cuts and Dividend Suspension

    Intel Corporation is embroiled in a class-action lawsuit filed by shareholders after the company's stock suffered a dramatic 26% decline, wiping out over $32 billion in market value. The lawsuit, filed in the U.S. District Court for Northern California, accuses Intel, along with its CEO...
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    INTEL TO CUT JOBS AND SUSPEND DIVIDEND AMID TURNAROUND EFFORTS

    Intel (INTC.O) announced of its decision to cut over 15% of its workforce, equivalent to 17,500 employees, and suspend its dividend starting in Q4 2024. This move is part of Intel's strategy to revitalize its struggling manufacturing segment. Key Points: Workforce Reduction: The job cuts aim...
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    Intel (INTC) Reported Quarter Ended June 2024.

    Revenue: $12.83 billion, down 0.9% year-over-year, missing the Zacks Consensus Estimate of $12.92 billion by 0.70%. EPS: $0.02, compared to $0.13 in the same quarter last year, missing the consensus estimate of $0.10 by 80%. Key Metrics: Total Intel Products Group Revenue: $11.80 billion vs...
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    INTEL TO CUT THOUSANDS OF JOBS TO REDUCE COSTS, FUND REBOUND

    Intel Corp. plans to cut thousands of jobs as part of a strategy to reduce costs and fund its efforts to recover from a recent earnings slump and market share losses. The reduction in workforce might be announced as early as this week. Intel, which has approximately 110,000 employees (excluding...
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