As of July, all companies started to announce their second quarter reports. These reports, which include the activities of the companies in the past 3 months, give many ideas on behalf of these companies. At the end of July, Intel also shared its second quarter results.
Intel shares second-quarter results
Starting to reap the fruits of its efforts towards cost savings of $3 billion in 2023, the company continues its operational efficiencies and Smart Capital strategy to support sustainable growth and fiscal discipline.
The company, which improved its margins and cash generation and increased shareholder value in the second quarter, announced that it generated $2.8 billion in cash from operations. The company also paid out $0.5 billion in dividends, according to its second-quarter reports.
Intel, on the other hand, continues to invest strategically in production capacity. Announcing that it has selected Wrocław, Poland, for a new state-of-the-art semiconductor assembly and testing facility this quarter, the company plans to invest $4.6 billion in this facility. This facility will help meet Intel’s projected demand for critical assembly and test capacity through 2027.
Additionally, Intel and the German federal government signed an expanded letter of intent. The deal includes increased government support, including incentives, as well as Intel’s investment expected to exceed €30 billion for two semiconductor plants, now the first of its kind in Europe. These investments represent a major step towards a balanced and resilient supply chain for Europe.
Intel also agreed to sell approximately 20 percent of the IMS Nanofabrication GmbH business to Bain Capital Special Conditions for approximately $4.3 billion to IMS. This investment will strengthen IMS’s hand in multi-beam mask writing tools critical to the semiconductor ecosystem to enable EUV (extreme ultraviolet lithography) technology.
With its second quarter results, Intel shared the company’s new investments and works with its investors. So what do you think about Intel’s second quarter figures? You can share your views with us in the comments section.
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