Tech

Intel stock soars 5% after announcing the $1 billion sale of its smartphone modem business to Apple and reporting numbers that crushed Wall Street estimates

Intel said Apple is buying its smartphone modem chip business for $US1 billion. Intel shares were rallying after the chip giant reported better-than-expected results, including a strong outlook. Visit Business Insider’s homepage for more stories Intel shares rallied more than 5% late Thursday after the company said Apple was buying […]
Intel stock soars 5% after announcing the $1 billion sale of its smartphone modem business to Apple and reporting numbers that crushed Wall Street estimates
Markets

Intel is sliding after its CEO resigns

Intel said Thursday that its CEO, Brian Krzanich, had resigned following a consensual relationship with another employee that violated company policies. The company also raised its second quarter earnings per share (EPS) to $US0.99. Shares initially surged more than 2% following the news, but now they are in the red. […]
Intel is sliding after its CEO resigns