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Intel Wins EU Court Battle As EUR 1.06 Bln Fine Annulled

Intel Wins EU Court Battle As EUR 1.06 Bln Fine Annulled

Intel Corp. has won a long-running court battle in the European Union, where the Court of Justice, Europe's top court, upheld the annulment by the General Court of a 1.06 billion euros fine imposed by the Commission on the chipmaker. The European regulator had alleged an abuse of a dominant position on the part of Intel.
RTTNews | 25 ngày trước
Alibaba, Baidu Invest In Intel-Backed Horizon Robotics' IPO

Alibaba, Baidu Invest In Intel-Backed Horizon Robotics' IPO

Horizon Robotics, a Chinese developer of artificial intelligence chips used in autonomous driving systems, is seeking to raise as much as HK$5.4 billion or around $696 million in its Hong Kong initial public offering. According to its listing document, Chinese majors Alibaba Group Holding Ltd. and Baidu Inc. are investing in the IPO of the firm, which is backed by tech major Intel Corp.
RTTNews | 33 ngày trước
Intel Reportedly Rejects Arm's Bid For Product Division

Intel Reportedly Rejects Arm's Bid For Product Division

Chipmaker Intel Corp., which is in the midst of takeover speculation amid its struggling financial performance, rejected an approach from British chip firm Arm Holdings Plc for its product division, Bloomberg reported citing a person with direct knowledge of the matter. Intel replied that the product division is not for sale. On the Nasdaq, Intel shares were gaining around 1.5 percent...
RTTNews | 52 ngày trước
Intel's Foundry Unit Loss Widens, Sees Operating Loss Peaking In 2024; Stock Down

Intel's Foundry Unit Loss Widens, Sees Operating Loss Peaking In 2024; Stock Down

Intel Corp. shares were hit by wider operating loss in its chipmaking unit Intel Foundry for fiscal 2023, and the company's warning that the segment's operating losses are expected to peak in 2024. Intel shares fell more than 4 percent in extended trading on Tuesday on the Nasdaq Stock Exchange, as well as in pre-market activity on Wednesday.
RTTNews | 229 ngày trước