Intel Institutes Pay Cuts For Executives And Managers In Response To Steep Drop In Revenue

Getty Images Key takeaways Intel’s fourth-quarter revenue was down 32% year over year In response to the lower revenue, the company is cutting pay for executives and managers After the report was rele...

Intel CEO Pat Gelsinger and CFO David Zinsner Buy Up Stock

Two of Intel ‘s top executives just bought up shares of the chip maker on the open market after the company issued disappointing guidance. They’ve done it before. Intel (ticker: INTC) CEO Pat Gelsinge...

Intel CEO Pat Gelsinger Buys Up Intel, Mobileye Stock

Intel CEO Pat Gelsinger recently has been buying up shares of the chip giant that he helms, but he has spent far more for shares of recently spun-off Mobileye which is developing autonomous driving te...

Will Intel Stock Keep Going Up By Cutting Costs?

| Getty Images Key Takeaways Intel is expected to announce targeted layoff of thousands of its employees in November. In response to layoff rumors, the company’s stock price has risen. Historically, c...

Intel Introduces Videogame Graphics Chips to Challenge Nvidia

Sept. 27, 2022 3:02 pm ET Listen to article (2 minutes) Intel plans to start selling graphics chips for videogamers next month, aiming to get a piece of a lucrative market dominated by competitors Nvi...

Intel Posts Sharp Drop in Sales, Issues Muted Outlook

Updated July 28, 2022 6:36 pm ET Listen to article (2 minutes) Chip maker Intel reported a surprise quarterly loss and cut its full-year outlook, reflecting a slump in personal-computer purchases and ...

DraftKings, Roku, Deere and others

Check out the companies making headlines before the bell: DraftKings (DKNG) – The sports betting company’s stock tumbled 13.2% in the premarket, despite a narrower-than-expected quarterly loss a...

Intel’s Ohio Investment: Connecting Some Dots

President Joe Biden with Intel CEO Patrick Gelsinger, right, as he announces plans to invest in an … [+] Ohio chip making facility, in Washington, Friday, Jan. 21, 2022. (AP Photo/Andrew Harnik)...