Intel, British chip designer Arm HoldingsHe made a strategic move by selling his 1.18 million shares. This sale of the company generated approximately $146.7 million in proceeds, based on Arm’s average share price between April and June.

This sale is seen as part of Intel’s efforts to reduce costs and optimize revenue streams in the chip industry. Company, artificial intelligence chips In addition to embarking on a comprehensive restructuring process in order not to fall behind in market competition, this strategic step aims to strengthen the position in the sector and achieve the financial objectives.

AI Competition Is Reshaping Intel

Intel announced that it would lay off more than 15% of its workforce and suspend dividend payments. Despite these moves, Intel shares have fallen more than 59% this year. Despite Intel’s efforts, the company is expected to offset revenue losses in the chip industry and improve its financial situation.

This strategic move by Intel is seen as a step towards the company’s goals of regaining strength in the advanced technology field and increasing its market share. CEO Pat Gelsinger company under management, developing artificial intelligence chips and is trying to regain its competitive advantage in the sector by accelerating its efforts to expand its production capacity.