eicker@lemmy.world to Technology@lemmy.worldEnglish · 2 days agoIntel’s woes wipe out $1 trillion of semiconductor market cap in one day — PC market bloodbath leaves few chip stocks unscathed: $1 trillion in semiconductor market capitalization wiped out.www.tomshardware.comexternal-linkmessage-square73linkfedilinkarrow-up1430arrow-down19
arrow-up1421arrow-down1external-linkIntel’s woes wipe out $1 trillion of semiconductor market cap in one day — PC market bloodbath leaves few chip stocks unscathed: $1 trillion in semiconductor market capitalization wiped out.www.tomshardware.comeicker@lemmy.world to Technology@lemmy.worldEnglish · 2 days agomessage-square73linkfedilink
minus-squareSundray@lemmus.orglinkfedilinkEnglisharrow-up43arrow-down1·2 days agoHuh. in August, [the US government spent] $8.9 billion for a nearly 10% share of Intel, converted out of CHIPS Act grant money. Today, the federal government is Intel’s largest single shareholder. Wonder what that 8.9 billion is worth now…
minus-squareCanigou@jlai.lulinkfedilinkEnglisharrow-up30arrow-down1·2 days agoI’ve read somewhere that it is still a more than 200% grow in value, even considering the last dive. Will post the source if I find it again… EDIT : Here “Even accounting for Friday’s expected drop, the value of the government’s stake in Intel has grown by 280%.”
minus-squareSundray@lemmus.orglinkfedilinkEnglisharrow-up6·2 days agoAh, that’s interesting. Curious if the govt will scoop up more of Intel or stand pat, then. We’re kind of in uncharted waters here.
minus-squareProx@lemmy.worldlinkfedilinkEnglisharrow-up7·1 day agoWhy is the government buying any of Intel?
minus-squarePattyMcB@lemmy.worldlinkfedilinkEnglisharrow-up5·1 day agoThe secret ingredient is crime (corruption)
minus-squarephutatorius@lemmy.ziplinkfedilinkEnglisharrow-up2·1 day agoSo they bought 10% for $8.9 billion? So Intel’s market cap is only $89 billion? No, earlier this month it was $350 bn. So what’s going on here?
Huh.
Wonder what that 8.9 billion is worth now…
I’ve read somewhere that it is still a more than 200% grow in value, even considering the last dive. Will post the source if I find it again…
EDIT : Here “Even accounting for Friday’s expected drop, the value of the government’s stake in Intel has grown by 280%.”
Ah, that’s interesting. Curious if the govt will scoop up more of Intel or stand pat, then. We’re kind of in uncharted waters here.
Why is the government buying any of Intel?
The secret ingredient is crime (corruption)
So they bought 10% for $8.9 billion? So Intel’s market cap is only $89 billion? No, earlier this month it was $350 bn. So what’s going on here?