Intel pampers: Employees will receive a bonus of 2.8 salaries – general

After releasing good reports for the fourth quarter of 2020 and for the entire year, although the forward forecast is weak, Intel

INTEL CORPORATION
-2.93%

INTEL
53.59
-2.93%

closure:0

opening:54.61

Tall:54.85

low:53.3

cycle:–

Page Quote News Graphs Company Profile Recommendations


More articles on the subject:




(INTC) continues the tradition of distributing annual bonuses to its employees. This year employees will receive a bonus of 2.8 salaries, compared to a bonus of 2.5 salaries at the beginning of last year (for the previous year). There will be employees who will receive a significantly higher bonus.

This is a nice bonus, which will benefit thousands of the company’s employees in Israel. The bonus comes even though the last year has not been easy for the chip giant. It is losing market share in emerging markets mainly to AMD and Nevidia, and it is failing to take off in the field of chips for autonomous vehicles (see more on Mobilai’s failure)

However, this year’s results were better than forecast. On the bottom line, the chip giant posted a profit of $ 1.52, compared to a forecast of $ 1.1. The company’s revenues totaled $ 20 billion, compared to a forecast of $ 17.49 billion. In the annual calculation, the company’s revenues increased by 8% compared to 2019, with about $ 78 billion – which beat the company’s and market forecasts.

Intel’s forecast for the next quarter is $ 18.6 billion in revenue and $ 1.03 per share. Intel will also distribute cash in the amount of $ 1.39 per share at a rate of 5%.

Since the beginning of the year, the stock has risen 6%, with a current price of $ 54.2 per share. However, in the last 12 months, despite the rally in the markets, the stock has been missing a return of 15.3%, after problems in the production line of its new processors encountered difficulties and brought the stock down in the summer of last year.