Intel Corporation (NASDAQ:INTC) shares are trading higher Tuesday as investors responded positively to the company’s ongoing global restructuring efforts and a recent price target hike from Citigroup.
What To Know: The company is making aggressive cuts to its global workforce, including at its facilities in Israel and Oregon, as part of a broader effort to simplify operations and reduce costs under its new CEO. These moves come as Intel faces ongoing pressure to regain competitiveness in the semiconductor space, according to the Economic Times.
