Intel recently reduced it's dividend by $.50 (2/3), reducing costs by $3B/yr which is already a massive move. There are however financing aspects which discourage them from totally removing it - as a collapse in share price (would impact their ability to finance loans, pay employees with shares etc. so it's important for them to manage things within certain channels.
That said, the market reacted rather positively to the dividend reduction (which happened around their low) although correlation is difficult as the whole market overall has risen a lot since February.
I will take everything intel says with grain of salt. They have been saying from last 10 years that they will catch up with competition in next 1-3 year. I will believe when i see.
Quite surprised the US gov is letting them do this. Would have thought it has sufficient national level strategic importance (chip wars) that they'd block it via any means necessary
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[ 5.0 ms ] story [ 56.4 ms ] threadThat said, the market reacted rather positively to the dividend reduction (which happened around their low) although correlation is difficult as the whole market overall has risen a lot since February.
This is not an industry where delays and misses work.
Intel has yet to earn their roadmap credibility back.
They haven't loss their node leadership for 10 years.