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Source: Huanqiu.com

[Global Network Technology Comprehensive Report] On August 13, according to Reuters, Intel Corporation (INTC.O) submitted a regulatory document on Tuesday showing that in order to maintain its leading position in the global chip industry, Intel sold 1.18 million shares of British chip design company Arm Holdings in the second quarter. The sale is based on careful consideration of the current market environment and the company's strategic direction, and aims to support the company's long-term development goals through capital recovery.

Image source: IC

According to Reuters calculations, based on the average price of Arm shares between April and June, Intel expects to raise about $146.7 million (about 1.053 billion yuan) from the sale. The funds will provide the company with more financial flexibility to meet the current challenges and opportunities in the semiconductor industry.

Recently, Intel has faced the dual pressures of reduced spending on traditional data center semiconductors and intensified competition in the field of artificial intelligence chips. In order to cope with these challenges, Intel has announced that it will lay off more than 15% of its employees and suspend dividends to concentrate resources on the development of advanced artificial intelligence chips and the improvement of foundry manufacturing capabilities. The company said that these measures are aimed at regaining the technological advantage lost to TSMC (2330.TW) in the field of high-end chip manufacturing.

Under the leadership of CEO Pat Gelsinger, Intel has vigorously promoted the development of its foundry business in recent years. However, this strategic adjustment has also brought about increased costs and compressed profit margins, forcing the company to seek further cost-cutting measures. The sale of Arm Holdings shares is part of this series of strategic adjustments.

Benchmark Co analyst Cody Acree commented: "This looks highly consistent with the restructuring plan proposed by Kissinger in the last conference call and the renewed focus on liquidity and efficiency." He believes that the sale of Arm shares is an important step for Intel to optimize its asset structure and improve operational efficiency.

As of the end of June, Intel had $11.29 billion in cash and cash equivalents and total current liabilities of approximately $32 billion. Although Intel's stock price has fallen by more than 59% so far this year, the company remains committed to achieving long-term growth through strategic adjustments and innovation-driven growth. In after-hours trading on Tuesday, Intel's stock price was basically flat, showing the market's cautious attitude towards the company's future development prospects.