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Why Intel says it had to delay its Ohio One project in New Albany [Yahoo! Finance]
Last intel corporation earnings: 4/23 04:07 pm
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US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
On Thursday, Intel released both reports and reaffirmed its commitment to build Intel Foundry , the semiconductor manufacturing division of the company that oversees the project underway in New Albany. Although the company said it wants Intel Foundry to become a market leader in semiconductor manufacturing, it said its strategy is “highly risky” and may not pay off. See previous coverage of Intel's delay in the video player above. Intel said the competitive semiconductor market and unpredictable political concerns led them to slow the completion of the Ohio facility last month . Amid financial woes , the company said it may have to continue to redirect money to existing facilities instead of construction in Ohio and abroad, and that these investments “may have additional project delays or project cancellations in the future.” Effort to provide lunches pays off in Centersburg The company indicated Ohio may be least likely of the delayed projects to be canceled, listing “investin
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- Intel Co. (NASDAQ: INTC) had its "sell" rating re-affirmed by analysts at Citigroup Inc..[MarketBeat]
- Barclays Cuts Intel Corporation (INTC) Price Target to $19 Amid Trade War and Tariff Concerns [Yahoo! Finance][Yahoo! Finance]
- Intel Co. (NASDAQ: INTC) had its price target lowered by analysts at Mizuho from $23.00 to $22.00. They now have a "neutral" rating on the stock.[MarketBeat]
- Intel Co. (NASDAQ: INTC) had its price target lowered by analysts at UBS Group AG from $22.00 to $21.00. They now have a "neutral" rating on the stock.[MarketBeat]
- Intel Co. (NASDAQ: INTC) had its price target lowered by analysts at Wells Fargo & Company from $25.00 to $22.00. They now have an "equal weight" rating on the stock.[MarketBeat]
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