Intel has decided to sell its stake in the developer of processor architectures Arm

In certain market segments, Intel and Arm are direct competitors, but under Patrick Gelsinger, the companies not only began to cooperate in the development of processors for third-party clients, but also became related by capital. However, Intel’s participation in the placement of Arm shares on the US stock market is a thing of the past, since the former sold its stake in the capital of the latter.

Image Source: Intel

This became known from Intel’s regulatory reporting, as reported by Bloomberg after reviewing the relevant documentation. In the second quarter, as the source notes, Intel got rid of its 1.18 million stake in the British developer of processor architectures Arm. Based on the average market price of the latter’s shares for the second quarter as a whole, Intel could have gained about $147 million from the sale of these assets. In fact, such an amount will not save Intel’s business suffering from losses, but in difficult conditions any sources of funds are appropriate.

By the way, at the end of the second quarter, Intel suffered a net loss of $120 million from its operations on the stock market. As reported after the publication of quarterly reports, the processor giant will be forced to lay off about 15,000 employees, reduce capital expenditures and operating expenses in order to save about $10 billion by the end of 2025. British Arm entered the US stock market in 2023, selling only a small part to investors of their shares, among them was Intel, which was interested in cooperation. The majority of Arm shares are still owned by the Japanese holding SoftBank Group.