Friday, 24 March, 2023

Intel slashes dividend by two-thirds to shore up cash reserves amidst semiconductor shortage

<p>Intel, the world&#39;s largest semiconductor chipmaker, has announced a reduction in its quarterly dividend by two-thirds, which will help it raise more cash to address the ongoing semiconductor shortage. The move will save Intel approximately $5 billion per year, and the company plans to use the additional funds to invest in production capacity and expand its business.</p>