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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Intel Corporation | NASDAQ:INTC | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 34.46 | 34.51 | 34.59 | 0 | 01:00:00 |
From Jul 2022 to Jul 2024
By Will Feuer
Intel said it has agreed to sell a 20% stake in its IMS Nanofabrication business to private-equity firm Bain Capital in a deal that values IMS at $4.3 billion.
Intel first invested in Austria-based IMS in 2009 and bought the business in 2015. IMS makes multi-beam mask writers for the semiconductor industry.
The deal is expected to close in the third quarter and IMS will operate as a standalone subsidiary, helmed by Chief Executive Elmar Platzgummer.
Matt Poirier, senior vice president of corporate development at Intel, said the investment from Bain will boost the independence of IMS and help accelerate the next phase of innovation.
Shares of Intel fell 0.6% to $34.78 in premarket trading.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
June 21, 2023 07:59 ET (11:59 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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