23-02-2023, 07:20 AM
Intel to cut dividend to conserve cash
U.S. chipmaker Intel Corp (INTC.O) said on Wednesday it would lower its quarterly dividend as a part of its strategy to improve capital amid uncertain times.
The company had in January warned it would lose money in the first quarter as two of its most important markets - personal computers and data centers - were weakening after two years of strong growth during the pandemic-led remote work.
Intel has committed to reduce $3 billion in costs this year and between $8 and $10 billion in savings by the end of 2025. read more
https://www.reuters.com/technology/intel...023-02-22/
U.S. chipmaker Intel Corp (INTC.O) said on Wednesday it would lower its quarterly dividend as a part of its strategy to improve capital amid uncertain times.
The company had in January warned it would lose money in the first quarter as two of its most important markets - personal computers and data centers - were weakening after two years of strong growth during the pandemic-led remote work.
Intel has committed to reduce $3 billion in costs this year and between $8 and $10 billion in savings by the end of 2025. read more
https://www.reuters.com/technology/intel...023-02-22/