Page 61 - Daniel Loeb News Today

The giant chipmaker’s new boss has his work cut out

Pat Gelsinger has his work cut out

Pat Gelsinger has his work cut out

By Reuters Staff 2 Min Read BOSTON (Reuters) - Billionaire investor Daniel Loeb called Intel’s resources “unmatched” in the semiconductor industry and said his firm, Third Point, is “excited” to be a long-term investor. Slideshow ( 2 images ) Loeb updated Third Point’s clients on progress at Intel in a letter seen by Reuters. Less than eight weeks ago he pushed the company to attract fresh talent, keep its best people, and explore deal options. Last month the company said Pat Gelsin...

Stonks: Slang - a tongue-in-cheek use of the word "Stocks", usually used in the form of a meme. Everybody loves money, that's a well-known fact. This is especially true for the ultra-rich, who have long accumulated wealth in the stock markets by trading on a broad range of stocks around the world. They are, for all intents and purposes, the Goliaths of the industry.

The stock moves come from a mix of traditional investing, rampant enthusiasm, stock-market mechanics and the belief that anyone can meme a fortune into existence.

Here’s what you should know about the GameStop chaos By Matt Phillips New York Times,Updated January 28, 2021, 9:07 a.m. Email to a Friend A GameStop store in Manhattan on Jan. 27. The internet and stock market are aflame over GameStop, the video game retailer whose stock is suddenly the darling of day traders who are putting the squeeze on billion-dollar hedge funds.HIROKO MASUIKE/NYT The internet and stock market are aflame over GameStop, the video game retailer whose stock is suddenly t...

Save Share The internet and sharemarket are aflame over GameStop, the video game retailer whose stock is suddenly the darling of day traders who are putting the squeeze on Wall Street’s big players. The stakes are enormous: The surge in trading drove GameStop’s value up by more than $US10 billion ($13 billion) on Wednesday alone. On Thursday, as several trading platforms placed restrictions on the stock, the shares slid by about 30 per cent. GameStop is a feature of malls and shopping...

Reports out of Taiwan claims that Intel signed an outsourcing contract with TSMC last year and will manufacture chips for CPUs using 3nm technology in the second half of 2022. According to reports, Intel will become TSMC’s second-largest customer on 3-nanometer chips, second only to Apple. According to Bloomberg’s previous report, Intel is negotiating with TSMC and Samsung to discuss the possibility of outsourcing some high-end chips to two manufacturers. Intel’s negotiations with Samsu...

Provided by Dow Jones By Asa Fitch Intel Corp.s incoming Chief Executive Pat Gelsinger said the semiconductor giant would outsource more chip production as it posted pandemic-fueled full-year results that also underscore the breadth of challenges the new CEO will face. Mr. Gelsinger on Thursday said Intel would have other chip companies make more of its products, even if the bulk of its new chips in coming few years would be made in house. The shift marks a break ...