In today’s briefing:
- Intel’s Cut Its Dividend, But Should It Cut Its Foundry?
Intel’s Cut Its Dividend, But Should It Cut Its Foundry?
- Intel cut its dividend by 2/3rd, freeing up $4B in cash.
- The company revised own capital intensity guidance for 2023 to low 30s% from 35%, while maintaining 24/25 guidance.
- Recent $11B debt raise and Mobile eye shares should provide enough capital for the next year.
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