Intel this week said that it has lowered its full-year 2025 adjusted operating expense target to $16.8 billion, from $17 billion earlier, to reflect the deconsolidation of its programmable chip business, Altera.
Shares of the struggling chipmaker rose nearly 4 per cent as the trimmed projected expenses provided investors with some respite after burgeoning costs left Intel with a strained balance sheet.
The company recorded an annual loss of $18.8
