Previous Close | 29.05 |
Open | 28.95 |
Bid | 28.84 x 1100 |
Ask | 28.85 x 3000 |
Day's Range | 28.76 - 29.12 |
52 Week Range | 24.59 - 52.51 |
Volume | |
Avg. Volume | 39,685,880 |
Market Cap | 119.27B |
Beta (5Y Monthly) | 0.71 |
PE Ratio (TTM) | 6.47 |
EPS (TTM) | 4.46 |
Earnings Date | Jan 24, 2023 - Jan 30, 2023 |
Forward Dividend & Yield | 1.46 (5.33%) |
Ex-Dividend Date | Nov 04, 2022 |
1y Target Est | 34.27 |
Intel (NASDAQ: INTC) might have just had one of the worst years in the history of blue chip stocks. During the year it lost $9.4 billion in free cash flow and the stock price fell nearly 50%. An inventory glut in the semiconductor industry, especially in PC chips, hammered peers like Advanced Micro Devices and Micron Technology as well, and a decline in PC demand is also weighing on performance.
Intel has provided the German economy ministry with a new calculation for a planned chip factory in the city of Magdeburg that considers almost 10 billion euros ($10.74 billion) of government funding to be necessary, business daily Handelsblatt reported on Wednesday, citing government sources. An Intel spokesperson declined to comment on the figure in Handelsblatt but was quoted as saying the group was "working very closely with government partners to close the critical cost gap". The company explains that its new demand, which exceeds the already approved funds of 6.8 billion euros ($7.3 billion), was necessary due to higher energy costs and that it would like to use a more advanced technology in the plant than initially planned, Handelsblatt said.
Intel has provided the German economy ministry with a new calculation for a planned chip factory in the city of Magdeburg that considers almost 10 billion euros ($10.74 billion) of government funding to be necessary, business daily Handelsblatt reported on Wednesday, citing government sources. An Intel spokesperson declined to comment on the figure in Handelsblatt but was quoted as saying the group was "working very closely with government partners to close the critical cost gap". The company explains that its new demand, which exceeds the already approved funds of 6.8 billion euros ($7.3 billion), was necessary due to higher energy costs and that it would like to use a more advanced technology in the plant than initially planned, Handelsblatt said.