[ad_1]
Intel (NASDAQ: INTC) enters into accelerated share buyback agreements for $ 10 billion of common stock.
The buyback is part of Intel’s previously announced $ 20 billion share buyback program, announced last October and suspended in March due to the coronavirus pandemic.
After the ASR is completed, Intel will have bought back $ 17.6 billion of the $ 20 billion authorization.
Intel shares are up 2.2% AH at $ 49.40.
INTC has fell 23% During the last quarter, the company reported a 7nm product delay due to a “fault mode” in the process.
[ad_2]
Source link