Intel Cashes Out $147M Stake in Arm Holdings 🚀

News & Articles
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Summary:

  1. Major Sale
    Intel sold its 1.18 million shares in Arm Holdings for approximately $147 million, marking a significant business move.

  2. Other Divestments
    Along with Arm, Intel also exited its investments in ZeroFox and reduced its stake in Astera Labs.

  3. Quarterly Loss
    Despite the sale, Intel reported a $120 million net loss on its equity investments for the quarter. :chart_with_downwards_trend:

Read more at: Tom’s Hardware