Intel seen requiring chip factory win to sustain US$50b stock rally
(Sept 22): Intel Corp shares are flying high after the firm secured a string of high-profile backers, but the cash infusions have done little to fix the company’s biggest problem — its money-losing chip-making operations.
The company’s new partnership with Nvidia Corp sent Intel’s shares soaring last week, pushing this year’s advance to 48% — a move that’s added more than US$50 billion (RM210.12 billion) in market value. The pact, which will bring US$5 billion to Intel’s coffers through a share sale, follows US President Donald Trump’s plan to accelerate the payment of US$8.9 billion in funding already pledged to Intel and a US$2 billion investment from SoftBank Group Corp.
What those deals fail to provide is…
