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PC Gamer
PC Gamer
Jacob Fox

Intel sells all its Arm shares, likely raising almost $150 million, AKA peanuts in tech

Three engineers give a thumbs up inside Intel's Fab 28.

Intel's not been doing amazingly well of late. That's not just when it comes to PC gaming either, which, after all, is a market that makes up only a small slice of Intel's pie. No, Intel's not been doing great overall, even judging by the raw numbers, which have seen the company's stock drop almost 60% so far this year. It's no surprise, then, that it's also selling a bunch of shares.

Intel has just sold all its 1.18 million stake in Arm Holdings (via Reuters). According to Reuters's calculations, this should have raised almost $150 million for the company ($146.7 million).

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