{"id":143762,"date":"2020-12-29T22:39:08","date_gmt":"2020-12-29T19:39:08","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/dan-loebs-hedge-fund-urges-intel-to-explore-deal-options\/"},"modified":"2020-12-29T22:39:08","modified_gmt":"2020-12-29T19:39:08","slug":"dan-loebs-hedge-fund-urges-intel-to-explore-deal-options","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/dan-loebs-hedge-fund-urges-intel-to-explore-deal-options\/","title":{"rendered":"#Dan Loeb’s hedge fund urges Intel to explore deal options"},"content":{"rendered":"

“#Dan Loeb’s hedge fund urges Intel to explore deal options<\/strong>”
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Activist hedge fund Third Point is pushing Intel to explore strategic alternatives, including whether it should remain an integrated device manufacturer, according to a letter it sent to the chipmaker\u2019s chairman on Tuesday that was reviewed by Reuters.<\/p>\n

Third Point CEO Daniel Loeb wrote to Intel chairman Omar Ishrak calling for immedia<\/a>te action to boost the company\u2019s position as a major provider of processor chips for PCs and data centers. The New York-based fund has amassed a nearly $1 billion stake in Intel, according to people familiar with the matter.<\/p>\n

Loeb said in the letter that Intel\u2019s most urgent task was addressing its \u201chuman capital management issue\u201d, as many of its talented chip designers have fled, \u201cdemoralized by the status quo.\u201d<\/p>\n

Intel has lost its pole position in microprocessor manufacturing to Taiwan Semiconductor Manufacturing and South Korea\u2019s Samsung Electronics, Loeb wrote in the letter.<\/p>\n

Intel is also losing market share in its core PC and data center markets to Advanced Micro Devices, Loeb added. NVIDIA is dominating computational models used in artificial intelligence app<\/a>lications, while Intel has been largely absent in this nascent market, according to the letter.<\/p>\n

\u201cWithout immediate change at Intel, we fear that America\u2019s access to leading-edge semiconductor supply will erode, forcing the U.S. to rely more heavily on a geopolitically unstable East Asia to power everything from PCs to data centers to critical infrastructure and more,\u201d Loeb wrote.<\/p>\n

Intel did not immediately respond to a request for comment.<\/p>\n

Loeb asked Intel to retain an investment advisor to evaluate strategic alternatives, according to the letter. Third Point believes that Intel should consider separating its chip design from its semiconductor fabrication plant manufacturing operations, according to the sources. This could include a joint venture in manufacturing, according to the sources.<\/p>\n

Intel customers, such as Apple, Microsoft and Amazon, are developing their own in-house silicon solutions and sending those designs to be manufactured in East Asia, Loeb wrote. He suggested Intel must offer new solutions to retain these customers rather than have them send their manufacturing away.<\/p>\n

Third Point, which has $15 billion in assets under management, has experience in pushing companies to pursue deals, including at Prudential, Yum! Brands, Dow Chemical and United Technologies.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Dan Loeb’s hedge fund urges Intel to explore deal options” Activist hedge fund Third Point is pushing Intel to explore strategic alternatives, including whether it should remain an integrated device manufacturer, according to a letter it sent to the chipmaker\u2019s chairman on Tuesday that was reviewed by Reuters. Third Point CEO Daniel Loeb wrote to…<\/p>\n","protected":false},"author":1,"featured_media":143763,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2020\/12\/dan-loeb-intel.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[88054,77694,75535,71070,78232,88106],"class_list":["post-143762","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-12-29-20","tag-activist-investors","tag-dan-loeb","tag-hedge-funds","tag-intel","tag-third-point"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/143762","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=143762"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/143762\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/143763"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=143762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=143762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=143762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}