Intel sells Arm shares

Arm shares hit $184 in July after starting out the year at $68.

Intel had liabilities of $32 billion and cash of $11.3 billion at the end of June. It has just announced the laying off of ‘at least’ 15% of its employees – some 15,000 people – to save $10 billion.

The company is still investing heavily in new processes and fabs to overtake TSMC in process technology next year