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Intel Initiates $10 Billion Accelerated Share Repurchase Agreements



Intel Initiates $10 Billion Accelerated Share Repurchase Agreements

Intel Company right now announced it is getting into into accelerated share repurchase (ASR) agreements to repurchase an mixture of $10 billion of Intel’s frequent inventory. Following completion of these agreements, Intel will have repurchased a full of about $17.6 billion in shares as part of the prepared $20 billion share repurchases introduced in October 2019.

“We attained record economical outcomes in the first 50 % of 2020 and elevated our full-12 months outlook as customers depend on Intel technologies for providing essential services and enabling people to operate, study and keep linked. As the ongoing development of details fuels need for Intel goods to method, go and store, we are self-assured in our multiyear strategy to provide leadership items,” said Intel CEO Bob Swan. “Even though the macro-financial surroundings remains uncertain, Intel shares are presently trading properly down below our intrinsic valuation, and we feel these repurchases are prudent at this time.”

Below the conditions of the ASR agreements, Intel will acquire an initial share supply of roughly 166 million shares, with the remaining settlement scheduled to take place by the close of 2020. The ultimate variety of shares to be repurchased by Intel will be based on the quantity-weighted regular stock price tag of Intel’s prevalent inventory all through the expression of the agreements, less a discount and subject to changes.

Intel is funding the share repurchases less than the ASR agreements with current income methods. Potent functioning success in the 1st 50 % of 2020 have contributed to a healthful liquidity balance, which presents Intel the ability to devote in the enterprise through a interval of financial uncertainty whilst also returning cash to stockholders via dividends and these share repurchases. Intel intends to full the $2.4 billion stability of its prepared $20 billion share repurchases and return to its historical money return tactics when markets stabilize.

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BNP Paribas Securities Corp. acted as sole structuring adviser to Intel on the ASR agreements.

Forward Seeking Statements

Statements in this push launch that refer to upcoming options and anticipations, which include with respect to the ASR agreements, the settlement of these agreements, Intel’s share repurchases, and Intel’s company outlook, are ahead-searching statements that contain a selection of risks and uncertainties. Words this kind of as “anticipates,” “expects,” “intends,” “objectives,” “programs,” “thinks,” “seeks,” “estimates,” “continues,” “may perhaps,” “will,” “would,” “really should,” “could,” and variations of these kinds of words and similar expressions are meant to recognize these types of forward-searching statements. Statements that refer to or are based on estimates, forecasts, projections, unsure gatherings or assumptions, including statements relating to long run solutions and technological innovation and the predicted availability and gains of this sort of merchandise and technologies, market place possibility, our valuation, our skill to commit and return capital, and expected developments in our corporations or the marketplaces applicable to them, also detect ahead-looking statements. These statements are dependent on management’s present expectations and include many pitfalls and uncertainties that could cause actual success to vary materially from those expressed or implied in these forward-searching statements. Crucial variables that could lead to actual benefits to vary materially from the company’s expectations consist of, amongst others, the skill of a counterparty to an ASR arrangement to acquire or borrow shares of Intel popular inventory the market rate of Intel widespread inventory during the term of an ASR Settlement the influence of world and regional financial and industry conditions, which includes illiquidity and other risks of instability in the banking and money services marketplace and the components set forth in Intel’s earnings launch dated July 23, 2020, which is included as an exhibit to Intel’s Form 8-K furnished to the SEC on these types of day, and Intel’s SEC filings, together with the company’s most new experiences on Forms 10-K and 10-Q. Copies of Intel’s Type 10-K, 10-Q and 8-K reviews might be acquired by browsing our Trader Relations web-site at or the SEC’s web page at Intel does not undertake, and expressly disclaims any responsibility, to update any assertion produced in this push launch, irrespective of whether as a end result of new data, new developments or usually, except to the extent that disclosure might be necessary by law.

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About Intel

Intel (Nasdaq: INTC), is an industry chief, developing world-switching know-how that allows world wide progress and enriches lives. Encouraged by Moore’s Regulation, we consistently work to progress the design and producing of semiconductors to assistance address our customers’ finest worries. By embedding intelligence in the cloud, network, edge and every single form of computing machine, we unleash the prospective of information to rework organization and society for the improved. To master much more about Intel’s improvements, go to and

© Intel Corporation. Intel, the Intel brand, and other Intel marks are emblems of Intel Corporation or its subsidiaries. Other names and makes could be claimed as the house of other folks.

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Ben Thom
Investor Relations
+1 (503) 613-1490
[email protected]

Cara Walker
Media Relations
+1 (503) 696-0831
[email protected]

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Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners



Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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The first Dacia hybrid. “The cheapest hybrid family on the market”



The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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See how Tesla tests its electric Semi truck in the worst-case scenarios



Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.

Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

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