1. Intel's stock has lost half its value over five years due to revenue struggles and high expenses; 2. New CEO Lip-Bu Tan brings hope for a turnaround; 3. Intel's estimates have declined sharply, requiring cost cuts and improved cash flow.
Recent #Corporate Finance news in the semiconductor industry
1. Allegro MicroSystems confirms receiving an unsolicited acquisition proposal from onsemi; 2. The proposal was deemed inadequate by the Allegro Board of Directors; 3. Allegro will not comment further unless necessary.
➀ Gree Electric Appliances and its affiliate Zhuhai Ronglin plan to reduce their stake in Unigroup Weitang Technology, with each not exceeding 12.4281 million shares, within 3 months from the 15th trading day after the announcement.
➁ The reduction in shares is part of a plan to sell shares through a集中竞价 trading method, with the selling price to be determined by market conditions.
➂ Gree Electric Appliances and Zhuhai Ronglin first invested in Unigroup Weitang Technology in late 2018, contributing 3 billion yuan to help Weitang Technology acquire NXP Semiconductors. This investment has brought significant gains to both parties, with a combined holding value of nearly 220 billion yuan in 2020.
1. Intel faces technological and financial struggles, leading to layoffs and a halt in factory projects. 2. Reports suggest Qualcomm is considering a potential takeover, while Apollo Global Management has offered to invest $5B. 3. The article also discusses the nuclear energy industry's financing, the ban on Chinese software and hardware in connected vehicles, and a short-term spending bill in Congress.
1. ASM International NV has completed its €150 million share buyback program, which started on May 15, 2024, and ended on July 25, 2024. 2. A total of 228,389 shares were repurchased at an average price of €656.77. 3. The company intends to reduce its capital by withdrawing the repurchased shares, except for those needed to fund employee and board member share and option programs.