Tech News: Intel Sells Arm Shares for $146.7M, Profits Nearly 144%!

According to reports, 英特尔 recently made headlines with the sale of its entire stake in Arm, one of the leading semiconductor IP companies. In the second quarter of 2024, Intel offloaded its 1.18 million shares in Arm, generating approximately $146.7 million based on Arm’s average stock price of $124.34 during that period.

Arm , which went public on the NASDAQ on September 14, 2023, initially priced its shares at $51 each, raising about $4.87 billion. The IPO saw a strong market response, with the stock surging nearly 30% at its peak on the first day of trading before closing at $63.59, giving the company a market capitalization of $65.25 billion.

Driven by the AI boom that began in 2023, Arm’s stock continued its upward trajectory in 2024, reaching a high of $188.75 per share, briefly pushing its market capitalization beyond $200 billion. As of August 13, 2024, Arm's stock was still valued at $123.79 per share, with a market cap of $129.7 billion.

Prior to its IPO, Arm had secured several major clients as cornerstone investors for its listing, including tech giants such as Intel, 苹果 , 英伟达 , Alphabet Inc. , AMD , 台积公司 , 联发科技 , 三星电子 , 新思科技 , and 铿腾设计系统公司 , with a total of $735 million reserved in American Depositary Shares (ADS).

Intel’s initial investment in Arm, based on the IPO price of $51 per share, was valued at approximately $60.18 million for the 1.18 million shares. The second-quarter sale of these shares resulted in a substantial profit of $86.52 million, reflecting a return on investment of approximately 143.77%.

However, this sale occurred against the backdrop of Intel’s challenging financial performance. The company faced its worst quarterly decline in years, with a GAAP?net loss of $1.6 billion and an 80% year-over-year drop in non-GAAP?net income. Intel also issued a weaker-than-expected forecast for the third quarter and announced plans to reduce its global workforce by 15% as part of a broader $10 billion cost-cutting initiative.

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