Intel slashes shareholder dividend by two-thirds as cash crunch bitesTobias Mannon February 22, 2023 at 21:30 The Register

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Sales will only be down 37 percent next quarter Pat promises

After tens of billions of dollars in stock buybacks and hefty dividends for shareholders over the last years, Intel on said Wednesday that it’s cutting its quarterly dividend to $0.125 per share in an effort to cut costs while also funding its expansive foundry construction plans.…

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