Shocking Move from Intel: Arm Sold Its Shares

Intel, British chip designer Arm HoldingsHe made a strategic move by selling his 1.18 million shares in . This sale of the company generated approximately $146.7 million in revenue, based on Arm’s average share price between April and June.

This sale is considered as part of Intel’s efforts to reduce costs and optimize revenue sources in the chip industry. Company, artificial intelligence chips While entering into a comprehensive restructuring process in order not to fall behind in the competition in the market, this strategic step aims to strengthen its position in the sector and achieve its financial targets.

AI competition is reshaping Intel

Intel announced it would cut more than 15% of its workforce and suspend dividend payments. However, despite all these moves, Intel shares are down more than 59% so far this year. Despite these efforts by Intel, the company is expected to offset revenue losses in the chip industry and improve its financial situation.

This strategic move by Intel is considered as a step towards the company’s goals of regaining strength in the field of advanced technology and increasing its market share. CEO Pat Gelsinger company under management, developing artificial intelligence chips and is trying to regain its competitive advantage in the sector by accelerating its efforts to expand its production capacity.