This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. https://www.barrons.com/articles/stock-market-movers-60ac6179 Updated March 30, 2023 6:58 am ET / Original March 30, 2023 4:30 am ET Order Reprints Print Article Stock futures pointed …
(Bloomberg) — Intel Corp., struggling with a rapid drop in revenue and earnings, is cutting management pay across the company to cope with a shaky economy and preserve cash for an ambitious turnaround plan. Most Read from Bloomberg Chief Executive Officer Pat Gelsinger is taking a …
Pat Gelsinger, CEO, of Intel Corporation, testifies during the Senate Commerce, Science, and Transportation hearing on semiconductors titled Developing Next Generation Technology for Innovation, in Russell Senate Office Building on Wednesday, March 23, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty Images Intel shares slid …
Intel CEO Pat Gelsinger recently has been buying up shares of the chip giant that he helms, but he has spent far more for shares of recently spun-off Mobileye which is developing autonomous driving technologies. Read moreMullen Automotive stock rallies 20%Gelsinger paid $2.5 million on Oct. …
Intel Corp. shares on Friday scored their best one-day rally since the start of the COVID-19 pandemic after the chip maker’s planned cost cuts and layoffs encouraged investors that have withstood shrinking margins and market share over the past several quarters. Intel INTC, +10.66% shares rallied …
Intel CEO Pat Gelsinger speaks during the Mobileye Global Inc. IPO at the Nasdaq MarketSite in New York on Oct. 26, 2022. Mobileye Global Inc., the self-driving technology company owned by Intel Corp., priced one of the biggest US initial public offerings of the year above …
(Bloomberg) — Intel Corp. is planning a major reduction in headcount, likely numbering in the thousands, to cut costs and cope with a sputtering personal-computer market, according to people with knowledge of the situation. Most Read from Bloomberg The layoffs will be announced as early as …
It’s a bad dream that slowly turned into a nightmare. And this nightmare doesn’t seem to want to end. The year 2022 has been a painful journey for semiconductor manufacturers. Following the example of AMD (AMD) , Nvidia (NVDA) and Intel (INTC) , which are the …
After nearly a year’s wait, Mobileye is on the highway to Wall Street. Intel Corp. INTC, -2.31% -owned Mobileye Global Inc. launched its drive to an initial public offering in a Securities and Exchange Commission filing late Friday, leaving the size of the offering blank for …
