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Tom’s Hardware
Tom’s Hardware
Technology
Anton Shilov

Intel sells stake in Arm, estimated to raise $147 million as part of business turnaround

Intel Corporation Arm Holdings Astera Labs
The Arm logo.

Intel has sold its entire stake in Arm Holdings during the second quarter, the company's filing with the U.S. Securities and Exchange Commission revealed on Tuesday. The company also sold its stake in ZeroFox, a cybersecurity company, and reduced stake in Astera Labs, a developer of connectivity platforms for enterprise.

Intel generated some $147 million selling its stake in Arm Holdings, a relatively small sum for a company that posted a $1.6 billion loss for its second quarter. This move is part of Intel's ongoing effort to cut costs, which includes significant job cuts and expense reductions. 

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