Intel Liquidates Arm Shares for $146.7 Million
Publication Time:2024-08-14 10:02:06
On August 14th, according to the latest reports, Intel disclosed in a regulatory filing that during the second quarter, the company had completely sold off its approximately 1.18 million shares of Arm's company. Through this share sale, Intel successfully raised $146.7 million. This move indicates that Intel is seeking to support its business development through financial means. Notably, Intel announced earlier this month a layoff plan exceeding 15%. Since Arm's re-IPO, its stock price has performed impressively, rising by 146% compared to its initial public offering price of $51, showcasing robust growth momentum.
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Arm shares