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- For INTC, its 30 day story count is now at 31.
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Below are the latest news stories about INTEL CORP that investors may wish to consider to help them evaluate INTC as an investment opportunity.
Trade war between the U.S. and China takes another leap as the Biden administration is trying to restore the semiconductor industry back to its home ground away from China, according to the WSJ. The Biden administration plans to impose new controls on the exports of advanced chips to China that are used in artificial-intelligence (AI) calculations and several other applications. Such restrictions could put the Chinese semiconductor industry in big jeopardy. The move comes as the U.S. aims to safeguard its geopolitical prowess and take control of manufacturing advanced chips, a key input for military systems as well as other key data-processing capabilities.
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Investors want long-term dividend stocks to buy to shield against the negative headwinds from higher interest rates.
Intel filed to launch its IPO of Mobileye late on Friday., and Mobileye stock is expected to be valued at about $30 billion during the IPO.
(Bloomberg) -- Samsung Electronics Co. announced an aggressive five-year plan to lure US chip buyers with more advanced technology, aiming to produce transistors that are just 1.4 nanometers wide by 2027.Most Read from BloombergCredit Suisse Turmoil Deepens With Record Stock, CDS LevelsStocks Rise From the Ashes in Best Day Since July: Markets WrapCredit Suisse Market Turmoil Heightens After Memo BackfiresTrump Asks to Push Special Master Appeal Hearing to JanuaryTesla Tumbles Most in S&P as Qua
Incumbent chip maker Intel (NASDAQ: INTC), a banner victim of this year's tech stock sell-off, had an unusually good Monday. The company's shares rose by almost 5% on the day, due in part to a general rebound of tech titles generally and chip makers specifically, and partly due to a looming divestment. After market hours on Friday, Intel's assisted- and autonomous-driving tech unit Mobileye filed a prospectus for an initial public offering (IPO).
Shares of Advanced Micro Devices (NASDAQ: AMD) were rallying on Monday, up 4.3% as of 2:09 p.m. EDT. There wasn't too much company-specific news on AMD, although Bank of America analyst Vivek Arya did reiterate his buy rating on the chipmaker and several other cloud-related semiconductor stocks. Today, the beaten-down semiconductor sector was rising across the board, as investors seem to be buying the very big dip in chipmakers and other technology names that have seen significant declines year to date.
It's estimated that the offering may raise up to $2.5 billion, which would top the $1 billion IPO by investment firm TPG Inc. in January and the $1.7 billion one by life and asset management business Corebridge Financial Inc. last month.
Intel has been working toward a Mobileye IPO since late 2021. Now it has officially filed the public paperwork to do so.
The semiconductor industry has experienced shortages and rapid increases in demand amid the explosion of new tech applications. Current CEO Pat Gelsinger seeks to get Intel back on top with initiatives to retake the technical lead and invest heavily in new foundries. Despite the focus on the likes of Nvidia and AMD, Intel remains an industry behemoth.