Intel Foundry, led by Lip-Bu Tan, reiterated a 'Buy' rating and raised its price target.
4 reports, 2 independent
Updated Jul 9
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What happened
Intel Foundry, led by Lip-Bu Tan, reiterated a 'Buy' rating and raised its price target.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.HSBC reduced its stake in Intel by 34.5% in Q1 while maintaining a bullish outlook.1 source
HSBC reiterated a 'Buy' rating and raised the price target for Intel Foundry.1 source
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The entities involved
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Intel
American multinational technology company
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Intel Foundry
semiconductor foundry owned by Intel
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HSBC
British multinational bank
Related events
- Lip-Bu Tan discusses Intel's market position, noting that the company trades on the Nasdaq exchange and is a major player in the chip market, viewed as an inference and foundry play.
- CEO Lip-Bu Tan is reviewing the status of Intel's processor lines.
- Intel operates in Arizona as a manufacturing powerhouse, while its headquarters remains in Santa Clara.
- Lip-Bu Tan is considering a strategic shift in chip manufacturing for Intel.
- Intel appoints Lip-Bu Tan as CEO, facing market share losses while securing major investments from SoftBank and the US government.