➀ Intel has sold its 1.18 million Arm shares for approximately $145 million to reduce costs and strengthen its financial position. ➁ The sale comes as Intel faces liabilities of $32 billion and cash reserves of $11.3 billion as of June. ➂ The company has also announced plans to lay off at least 15% of its workforce, around 15,000 employees, to save $10 billion.