Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, June 23, 2023

Article Excerpt

INTEL CORP., $33.00, Nasdaq symbol INTC, is still a buy for long-term gains. The company is the world’s leading maker of computer chips: its products power 65% of all personal computers and 80% of all datacentres. Intel is now selling a 20% stake in IMS Nanofabrication GmbH to private equity firm Bain Capital. Based in Austria, IMS produces equipment that computer chipmakers need to make their own products. The company will receive about $860 million for this stake when it completes the transaction in the third quarter of 2023. To put that amount in context, Intel’s market cap is $146.4 billion. The cash will help fund Intel’s plan to build two new chipmaking plants in Germany. In all, these facilities will cost 30 billion euros (about $33 billion U.S.). However, government subsidies of 10 billion euros will help offset that cost. Separately, Intel also announced that it would build a new plant in Poland at a cost of $4.6 billion. These investments are part of Intel’s…