Intel (INTC) to spend tens of billions of dollars on new plants in Europe

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Intel (INTC) internal foundry model 'not a game changer' - BofA

June 21, 2023 11:24 AM EDT

BofA's Vivek Arya upped the firm's price target on Intel (NASDAQ: INTC) to $32 from $28 but said in a note that the company's internal foundry model is not a game changer and maintained an Underperform rating on the stock.

Previewing INTC's June 21st... More

Intel (INTC) sells a 20% stake in IMS Nanofabrication to Bain Capital

June 21, 2023 7:54 AM EDT

Intel (NASDAQ: INTC) said it has agreed to sell a roughly 20% stake in its IMS Nanofabrication GmbH business to Bain Capital Special Situations. The deal values the Austria-based IMS business at about $4.3 billion.

Intel expects the deal will be closed in the third... More