Intel's issues are now approaching the existential in our view... but Intel could add $40 billion in cash to its balance sheet by the end of 2025 through the moves, as well as subsidies and partner contributions.
Intel will survive [in some form] to continue the fight. He said there would be going concern talks in other circumstances...
Intel was once the world's leading chipmaker... its stock market value peaked at nearly $500 billion in 2000 before slumping that year and never fully recovering.
Wall Street darling Nvidia was four per cent lower after a report about an anti-trust investigation by the U.S. Department of Justice... Shares of other chip firms also fell.
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