56.59 0.00 (0.00%)
After hours: 5:38PM EST
|Bid||56.58 x 4000|
|Ask||56.65 x 3000|
|Day's range||56.44 - 56.83|
|52-week range||42.86 - 59.59|
|Beta (3Y monthly)||0.91|
|PE ratio (TTM)||13.25|
|Forward dividend & yield||1.26 (2.23%)|
|1y target est||N/A|
Today's devices have been secured against innumerable software attacks, but a new exploit called Plundervolt uses distinctly physical means to compromise a chip's security. The Plundervolt attack does just this, using the hidden registers to very slightly change the voltage going to the chip at the exact moment that the secure enclave is executing an important task.
(Bloomberg) -- Donald Trump warned Russian Foreign Minister Sergei Lavrov on Tuesday against interference in U.S. elections, the White House said in a statement after an Oval Office meeting between the two men.But Lavrov suggested in a news conference at the Russian Embassy in Washington that Trump delivered no such warning. Lavrov said he brought up elections during the meeting but only to protest a warning from Secretary of State Michael Pompeo earlier in the day.The meeting came hours after House Democrats unveiled articles of impeachment alleging the president sought to coerce a foreign leader to help his bid for re-election, and it was the first encounter between Trump and Lavrov May 2017, when the U.S. president boasted to the Russian about firing then-FBI Director James Comey and reportedly shared classified information.“Just had a very good meeting with Foreign Minister Sergey Lavrov and representatives of Russia. Discussed many items including Trade, Iran, North Korea, INF Treaty, Nuclear Arms Control, and Election Meddling,” Trump tweeted after the meeting as he traveled to a campaign rally in Hershey, Pennsylvania.The last time Trump met with a Russian -- President Vladimir Putin, at the Group of 20 summit in Japan in June -- he appeared to mock the idea of warning his counterpart against election interference.“Don’t meddle in the election, president,” Trump then told Putin, pointing his finger at his Russian counterpart. “Don’t meddle in the election,” he repeated. Putin laughed after Trump’s admonition was translated, and Trump smiled.Tuesday’s White House gathering, in which Pompeo also participated, was even more loaded with tension. Earlier in the day, House Democrats announced articles of impeachment that include a finding Trump damaged U.S. national security by withholding military aid to Ukraine, which is battling Russia-backed separatists, in hopes of forcing its government to undertake an investigation into former Vice President Joe Biden.Immediately before the White House meeting, Pompeo and Lavrov sparred in front of reporters over U.S. findings that Russia interfered in the 2016 election.In a summary of their discussion, the White House said Trump also urged Russia to resolve its conflict with Ukraine. Trump expressed support for an arms control agreement that would include both Russia and China, and asked for Russian support in preventing Iran from developing nuclear weapons and ensuring that North Korea reduces its own stockpile.Biden and other Democrats routinely criticize the U.S. president for showing deference to Vladimir Putin. They frequently reference a news conference in Helsinki in which Trump said he believed the Russian leader’s claims more than the findings of his own intelligence services.Separately, the Justice Department inspector general released a report on Monday finding no political bias in the FBI investigation into allegations of Russian collusion, a conclusion that counters Trump’s contention that he and his campaign had been unfairly targeted. The report, however, cited significant missteps by the bureau as it sought a warrant to surveil a former Trump campaign adviser.And just last week, Trump attended a NATO summit in London, where other leaders expressed concern about Russia -- not just its annexation of Crimea but also its tightening grip on Syria after Trump ordered the withdrawal of U.S. troops.Revealing Intel SourceThe 2017 meeting came just a day after Trump fired Comey over frustration with the probe into his campaign’s ties to Russia. It darkened the cloud of controversy related to Russia that still looms over Trump’s presidency, even after federal investigators found no evidence he was involved in Moscow’s efforts to influence the U.S. elections.Lavrov arrived at the White House at about 2:20 p.m. in Washington and left about an hour later. The meeting was closed to reporters and none of the participants made any public remarks.After their first meeting, the Russian state news agency Tass released pictures of Trump and Lavrov laughing in the Oval Office. White House officials then rushed members of the American media into the room, but the Russian delegation had already departed.Only official U.S. government photographers were allowed into Tuesday’s meeting, according to a White House official who asked not to be identified because it was private.The White House said after the 2017 meeting that it had been misled by Russian officials and believed the Tass photographer was there on behalf of the Kremlin.In the following days, the Washington Post reported that Trump revealed highly classified information during the meeting and may have jeopardized a source considered crucial to the battle against Islamic State. Subsequent reports identified the source of that intelligence as Israel. Trump denied ever explicitly revealing the source to Russia, but concerns remained that he had given the Russian officials enough information to determine it for themselves.“Just so you understand, I never mentioned the word or the name Israel,” Trump said during a 2017 trip to Jerusalem. “Never mentioned it during that conversation. They’re all saying I did, so you have another story wrong. Never mentioned the word Israel.”Putin met with Ukrainian President Volodymyr Zelenskiy in Paris on Monday. That summit led to an agreement to exchange prisoners and the withdrawal of some troops, but no permanent resolution to the ongoing conflict in the disputed Donbas region. More than 13,000 people have died in the conflict over the 500-kilometer (310-mile) contact line over the past four years.North Korea, VenezuelaTrump is also eager to enlist Russia to help pressure North Korea to abandon its nuclear weapons program amid worrying signs that his efforts may be failing.Kim Yong Chol, Chairman of the Korea Asia-Pacific Peace Committee, called Trump a “heedless and erratic old man” in a statement to the state-run Korean Central News Agency earlier this week. On Sunday, Trump warned that North Korean leader Kim Jong Un risked voiding “his special relationship with the President of the United States” amid reports that North Korea had conducted a key test at a missile site.“Kim Jong Un is too smart and has far too much to lose, everything actually, if he acts in a hostile way,” Trump tweeted.Trump has also said he wants to broker a replacement deal for the New START treaty, which limits the production of nuclear weapons and expires in February 2021. Trump said last week he’s eager to expand the deal to include other nations like China, and want to see “a cessation on nuclear and nuclear creation.”“It’s -- in my opinion -- the biggest problem the world has today,” Trump said.The White House didn’t say whether Trump raised concerns over Russia’s backing of Venezuelan leader Nicolas Maduro. Vice President Mike Pence led a meeting last week with other White House officials to re-examine the administration’s push to empower Juan Guaido, the National Assembly leader and Maduro opponent who declared himself interim president of Venezuela with American backing earlier this year.But Guaido has failed to push out Maduro, and Trump is losing confidence that the opposition leader will ever topple the regime. The administration officials have instead discussed a possible partnership with Russia to ease the leader out of power.\--With assistance from Jordan Fabian and Nick Wadhams.To contact the reporter on this story: Justin Sink in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: Alex Wayne at email@example.com, Joshua GalluFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- It’s not really a surprise that white and Asian men dominate the top pay tiers among Intel’s U.S. workforce. That’s been true in the tech industry for years. What’s unusual is the excruciating level of detail about pay disparity the chipmaker is releasing Tuesday to the public—information it could have kept secret.In addition to its annual update on the outlook for women and people of color at the company, Intel on Tuesday released the results of a new report it sent to the U.S. Equal Employment Opportunity Commission that gives unprecedented pay, race and gender data for about 51,000 U.S. workers. Intel is the first company to release the otherwise private data.The results are not flattering. Among 52 top executives at Intel, who all earn more than $208,000—the top pay band the EEOC tracks—29 are white men, 11 are Asian men and 8 are white women. The remaining tally is 1 each for Asian women, Hispanic women, black women and black men, with no Hispanic men among executives in that top tier.The ratio was similarly skewed across manager, professional and technician job classifications, with white and Asian men dominating top pay groups and women and people of color clustered in the lower bands. One in four white men at Intel are in the top salary tier, earning at least $208,000, a higher share than any other group. Rates are far lower for women and underrepresented minorities; less than 10% of black employees are top earners. “It’s difficult to really fix what you aren’t being transparent about,” said Barbara Whye, Intel’s chief diversity and inclusion officer and a vice president in human resources. The chipmaker is making itself “very vulnerable,” she says, to “do the right things,” and she hopes her peers will follow and share pay information, too. “These are industry-wide problems,” Whye said. “They are going to require industry-wide solutions to resolve them.” So far, no other companies have said they’ll do the same. Intel joins a small but growing number of companies that have released gender and racial pay data, often under pressure from investors. The transparency may be laudable, but it is often overshadowed by what is revealed. Annual diversity reports from the biggest tech companies from the last half decade have shown scant progress in advancing the numbers of under-represented workers.Companies that choose to release this kind of information risk backlash. Citigroup this year faced criticism after it voluntarily released median pay data that showed women at the bank earn 29% less than men do.Intel’s report finds that within job types—not just at the top—white men dominate the highest salary band. Two-thirds of employees fall into a job group called “professionals,” which includes includes non-managerial office workers and programmers. Nearly all earn at least $80,000 per year, but white and Asian men have the highest salaries. Black, Hispanic and other minorities are overrepresented in the bottom half of the pay ranges. Even if the numbers look bad, companies will ultimately benefit more from leading on disclosure than they would from dragging their heels, said Natasha Lamb, managing partner at Arjuna Capital, which pressures companies to disclose gender pay data. The point is not to beat up on organizations for telling the truth, she said. “It's much more important to have an accurate reflection of reality than to glaze over the simple truth,” she said. “These companies are not as diverse and equal as they could be.”In 2015, Intel set a goal to have women make up at least 26% of its workforce by 2020. The company met that last year and is working to increase the percentage of women among top executives now to 26%, too, Whye said. Intel says representation among its total U.S. workforce and for technical employees has improved—underrepresented workers make up 15.8% of the company up from 14.6% last year. Women as a percentage of the workforce fell slightly to 26.5% from 26.8%.Intel announced in January that it had met its goal of equal pay for men and women who do the same work. This EEOC data does not measure that. Overrepresentation of white men in the highest-paying jobs contributes to the nation’s wage gap: American women earn 20% less than men do, and the gap is even wider for women of color. Intel’s disclosure shows that these disparities can’t be fixed simply by raising the salaries of women and minorities. Whye said the company’s task is to help underrepresented groups get promoted into more lucrative roles and keep them there. The data provided to the EEOC covered 2017 and 2018 and was collected from nearly all U.S. companies for the first time this fall under an initiative started by President Barack Obama. By law, the forms stay private unless a company makes them public. This could be the only time the EEOC collects worker pay broken down by race, sex and ethnicity, making Intel’s disclosure a unique window into company compensation, and how it results in wage gaps. The agency has been soliciting the data since July and could continue to do so until January under a federal judge’s order. But the EEOC has said it won’t pursue future collections in this form. In the U.K. where companies are required to publicly report wage gaps between male and female workers, the disclosures have shown the benefits and limits of transparency, said Harini Iyengar, a lawyer who advocates for equal pay in Britain. “A lot of members of the public who don't pay an interest generally in labor market issues are quite shocked at the scale of the pay disparity,” she said. “So that's been very positive because people are genuinely shocked.” But so far the nationwide initiative has not resulted in measurable change, she said: “What I'm seeing is collective hand-wringing about, ‘Oh no, this is not good enough. But look everyone else in our industry sectors is in the same boat. So that's all right then.’” (Updates third paragraph with context about highest paid Hispanic executives. )\--With assistance from Lucy Meakin and Paige Smith.To contact the authors of this story: Jeff Green in Southfield at firstname.lastname@example.orgHannah Recht in New York at email@example.comTo contact the editor responsible for this story: Philip Gray at firstname.lastname@example.org, Rebecca GreenfieldFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Oracle's (ORCL) fiscal second-quarter results are expected to reflect solid adoption of cloud-based services and latest Autonomous Database.
The Zacks Analyst Blog Highlights: Microsoft, United Technologies, Procter & Gamble, Walmart and Intel
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The Chinese government is taking further steps to remove foreign technology from state agencies and other organizations, a clear sign of determination for more independence amid escalating tensions with the U.S.Beijing will likely replace as many as 20 million computers at government agencies with domestic products over the next three years, according to research from China Securities. More than 100 trial projects for domestic products were completed in July, the brokerage firm said. The Financial Times newspaper said the Communist Party’s Central Office earlier this year ordered state offices and public institutions to shift away from foreign hardware and software.The government under President Xi Jinping has been trying for years to replace technologies from abroad, and particularly from the U.S. Bloomberg News reported in 2014 that Beijing was aiming to purge most foreign technology from its banks, the military, government agencies and state-owned enterprises by 2020. The country’s Made in China 2025 plan also set out specific goals for technology independence, although the policy has been de-emphasized after contributing to trade war tensions.U.S. President Donald Trump’s aggressive policies against China and its leading companies have given the effort renewed urgency. His administration banned U.S. companies from doing business with Huawei Technologies Co. this year and blacklisted other Chinese firms.“The trade war has exposed various areas of Chinese economic weakness, which Beijing seems determined to rectify,” said Brock Silvers, managing director of Adamas Asset Management. “If the decision pushes Trump to finally come down hard with a more forceful ban of Chinese tech, however, China may one day regret having gone so public with its policy so soon.”While the current push is narrow in scope, it is designed as part of the broad, long-standing effort to decrease China’s reliance on foreign technologies and boost its domestic industry. The goal is to substitute 30% of hardware in state agencies next year, 50% in 2021 and 20% in 2022, China Securities estimated, based on government requests and clients’ budgets.The research, from September, detailed Beijing’s goals. The FT reported the number of computers to be replaced could reach 30 million, attributing the figures to China Securities. The newspaper said the goal is to use “secure and controllable” technology as part of the country’s Cyber Security Law passed in 2017.Starting next year, key industries such as finance, energy and telecom will test more domestic products in trials that may last years, the firm said. Chinese banks are supposed to shift from International Business Machines Corp. and Oracle Corp. to more diversified X86 architecture suppliers and then eventually to fully made-in-China hardware. China has decided to adopt ARM architecture for its domestic hardware, China Securities said.“The China-U.S. trade war could also help to breed a new market for home-made products,” China Securities analyst Shi Zerui wrote.Still, Beijing’s push has proven difficult because its domestic industry hasn’t yet shown itself capable of matching foreign technologies in certain sectors. Particularly hard to replace, for example, are semiconductors from suppliers like Intel Corp. and Nvidia Corp., as well as software from Microsoft Corp. and Apple Inc.“While large suppliers such as Microsoft and IBM are undoubtedly worried, many high-end components, like chipsets, can’t be easily replaced,” Silvers said.\--With assistance from Debby Wu.To contact Bloomberg News staff for this story: Gao Yuan in Beijing at email@example.comTo contact the editors responsible for this story: Peter Elstrom at firstname.lastname@example.org, Vlad SavovFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Alibaba (BABA)-backed AutoX applies for testing its self-driving vehicles, without in-car driver backup, thereby stirring competition in the autonomous-vehicle tech space.
As stock market volatility continues, the blue-chip index is showing fluctuation. However, a closer look into the index reveals that not all stocks are erratic.
(Bloomberg) -- Qualcomm Inc. is under no illusions about how long it will take to make a dent in Intel Corp.’s dominance of the laptop market. But a new set of chips it’s offering will make it tougher to keep Qualcomm out of computers.San Diego-based Qualcomm, whose processors are the heart of most of the world’s high-end smartphones, is trying to carve out a niche for its technology with laptops that last more than a day on a single battery charge and are always connected to the internet. Current models, such as Microsoft Corp.’s Surface Pro X, cost more than $1,000. Qualcomm is now rolling out new chips that will allow PC makers to build machines that compete with budget systems retailing for as low as $300.“We were not confused. We knew this market would take a long time,” said Qualcomm product director Miguel Nunes. “We still understand it’s going to take longer.”More affordable devices will help, Nunes said. But Qualcomm and other interlopers need new ways to reach consumers if they’re to overcome Intel’s brand recognition and marketing spending. One thing that’s helping is the sale of Qualcomm chip-based laptops by mobile phone service providers. Like phones, they’re increasingly being offered on monthly installment purchase plans, making the devices more affordable, Nunes said. Carriers like the cellular component of Qualcomm chips which ties customers to their networks, he said.Corporations like the idea that the the machines they give to employees are always connected to the internet. Interest from that market has surprised Qualcomm. Knowing where the machines are and being able to update them all the time are advantages of a cellular link, Nunes said.Qualcomm’s attempts to get into PCs are part of a broader push to push mobile technology into devices outside of the smartphone market. Growth in smartphones has slowed as consumers have shown less interest in upgrading to devices that offer marginal improvements over existing models. Qualcomm is targeting PCs in particular where it believes chips based on mobile technology can offer huge improvements in battery life, promised but not delivered by Intel-based devices, and have them continually connected to the internet.“One of the challenges we’ve seen is that the computing industry was plagued by a lot of lies when you talk about battery life,” Nunes said. “Consumers don’t believe you.”Qualcomm-based devices go days without needing to be plugged in, he said. With coming fifth-generation networks, they’ll also get extremely fast data all the time, enabling them to take advantage of more powerful computing over the internet, he said.The company is holding its annual conference in Hawaii. It has introduced new 5G chips for mobile phones, including ones that will enable cheaper handsets from early next year, and a new offering for virtual reality and augmented realty headsets.To contact the reporter on this story: Ian King in San Francisco at email@example.comTo contact the editors responsible for this story: Jillian Ward at firstname.lastname@example.org, Molly Schuetz, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
President Trump's latest hints at a delay in the U.S.-China trade agreement causes the yield on benchmark 10-year Treasury note to hit the lowest in the last four months.
Intel (INTC) is likely to acquire Israel-based Habana Labs. The talked-about acquisition is expected to aid Intel enhance AI chip development capabilities.
(Bloomberg) -- The impeachment of President Donald Trump moves to one of the most polarized committees in Congress where Republicans known for their combativeness will pose a test of Judiciary Chairman Jerrold Nadler’s ability to keep the proceedings under control.Nadler’s committee will ultimately be the one that draws up articles of impeachment -- based on the Intelligence Committee investigation of Trump’s interactions with Ukraine -- that almost certainly will be presented to the full House for a vote.In contrast with the relative decorum seen in the Intelligence panel hearings last month, the Judiciary members reflect Congress‘s widest cultural and ideological extremes and are “a bunch of brawlers,” said Representative Andy Biggs, an Arizona Republican.“It should get pretty, pretty hot and under the collar as we go along,” Biggs, chairman of the conservative House Freedom Caucus, said Sunday on Fox News. He predicted that the Judiciary sessions will become “much more feisty, I would say, than the Intel Committee was.”The Intelligence Committee’s report on its investigation, released Tuesday, said the president abused his office by pressuring Ukraine’s government to deliver a political favor, then seeking to hide his conduct and obstruct a congressional investigation. His conduct, the report said, compromised national security, and he continued seeking foreign assistance to investigate a 2020 election rival, former Vice President Joe Biden.“This continued solicitation of foreign interference in a U.S. election presents a clear and present danger that the president will continue to use the power of his office for his personal political gain,” the report’s summary said.The report didn’t recommend whether Trump should be impeached, and Intelligence Chairman Adam Schiff, a California Democrat, said that decision should be made by the full House.The Judiciary panel will hear Wednesday from four prominent law professors -- three called by the Democrats and one by the Republicans -- on the constitutional standards for impeaching the president. The hearing is scheduled to begin at 10 a.m.Nadler hasn’t said whether he’ll hold further hearings before the committee decides on drafting impeachment articles to present to the full House for a vote Democrats intend to come before Christmas.In a letter to Trump on Friday, Nadler said his committee will weigh investigative findings on an “effort in which President Trump again sought foreign interference in our elections for his personal and political benefit at the expense of our national interest.”On Monday, the top Republican on the Judiciary panel, Doug Collins of Georgia, wrote to Nadler complaining of artificial deadlines for a Trump defense and a denial of fairness and due process heading into Wednesday’s hearing.White House Counsel Pat Cipollone notified Nadler on Sunday that Trump and his lawyers would not be participating for those reasons on Wednesday.Diverse CollectionThe rules for questioning witnesses will be the same as those used by the Intelligence panel -- an extended first round by the top Democratic and GOP members or their staff attorneys, followed by questions from rank and file lawmakers.One key difference will be the cumbersome size of the Judiciary Committee, which includes 24 Democrats and 17 Republicans, compared with the Intelligence Committee’s 13 Democrats and nine Republicans.The Judiciary panel is a diverse collection of lawmakers reflecting a wide variety of ideological outlooks. Ultra-conservatives Jim Jordan of Ohio, Louie Gohmert of Texas and Matt Gaetz of Florida are part of a GOP roster that includes just two women and no African Americans.On the Democratic side sits a racially and ethnically diverse group that includes 11 women and some of Congress’s farthest left-leaning members. They include Sheila Jackson Lee of Texas, Steve Cohen of Tennessee, Jamie Raskin of Maryland, Congressional Progressive Caucus Co-Chair Pramila Jayapal of Washington State -- and Nadler, who represents parts of Manhattan and Brooklyn.The Judiciary Committee often focuses on hot-button issues such as gun control, the death penalty, sentencing guidelines, immigration reform and same-sex marriage.During the Trump presidency it has reflected even stronger partisanship. The previous chairman, Republican Bob Goodlatte of Virginia, oversaw inquiries into the FBI’s investigations of Hillary Clinton and Russian election interference. When Democrats took over in January, Nadler started probing alleged abuses of power by Trump.‘Substantial Evidence’Even before reports emerged in late September that Trump sought political help from Ukraine’s president while withholding military aid and an invitation to a White House meeting, Nadler had already declared that Special Counsel Robert Mueller’s findings on Russian election meddling in 2016 amounted to “very substantial evidence that the president is guilty of high crime and misdemeanors.”Nadler, now serving his 14th full term, took the anti-impeachment side in 1998 when Republicans tried to oust Democratic President Bill Clinton over his affair with a White House intern. He called the effort “a clearly partisan railroad job” and contended, “We’re lowering the standard of impeachment.”Now, Nadler is being accused by the White House and Republicans of helping lead an investigation that’s skewed toward a predetermined outcome.He has something to prove beyond whether the House has a solid case of impeachable offenses. He needs to show he can keep the process from spinning out of control into a partisan free-for-all.That’s what happened on Sept. 17 when the Judiciary Committee questioned former Trump campaign manager Corey Lewandowski at a hearing stemming from Mueller’s report. Lewandowski openly defied the panel by sidestepping questions, speaking over lawmakers and y even promoting a potential run for a U.S. Senate seat in New Hampshire.Speaker Nancy Pelosi never publicly criticized Nadler, but when she announced the formal impeachment inquiry into the Ukraine allegations, she designated Schiff and the Intelligence Committee to hold the first public hearings with witnesses.Schiff remained firmly in control of the proceedings last month. There was little combativeness from the current and former government officials who testified, though Republicans on the panel got rowdy more than once.To contact the reporter on this story: Billy House in Washington at email@example.comTo contact the editors responsible for this story: Joe Sobczyk at firstname.lastname@example.org, Laurie Asséo, John HarneyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- Amazon.com Inc.’s cloud unit keeps trying to eat away at Intel Corp.’s stranglehold on the server chip market.Amazon Web Services has developed a more powerful version of its own chips to power services for cloud-computing customers, as well as some of AWS’s own programs. AWS Chief Executive Andy Jassy on Tuesday introduced a second-generation chip, called Graviton2, aimed at general-purpose computing tasks. He didn’t specify a release date.The company last year unveiled its first line of Graviton chips, which it said would support new versions of its main EC2 cloud-computing service. Prior to that, Amazon -- and other big cloud operators -- had almost exclusively used Intel Xeon chips. The company said at the time that the Graviton-backed cloud service would be available at a “significantly lower cost” than existing offerings run on Intel processors.Intel’s chips account for more than 90% of the server chip market and handle most tasks at the biggest cloud providers including Amazon, Microsoft Corp. and Alphabet Inc.’s Google. But these companies are also announcing plans to use Intel’s main rival Advanced Micro Devices Inc. AMD has forecast it will top 10% in server processor market share by mid-2020, a target that analysts at Instinet LLC said in a note is achievable.Jassy said on Tuesday that Intel is “a very close partner,” but that to push the envelope on prices, “we had to do some innovating ourselves.”Amazon is using its 2015 acquisition of startup Annapurna Labs, which Jassy called a “a big turning point for us,” to design its own chips. The new processor uses technology from SoftBank Group Corp. unit ARM Holdings, a standard that dominates in mobile phones.\--With assistance from Ian King.To contact the reporters on this story: Matt Day in Seattle at email@example.com;Dina Bass in Seattle at firstname.lastname@example.orgTo contact the editors responsible for this story: Robin Ajello at email@example.com, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Intel (INTC) wraps up the divestiture of its smartphone modem business to better focus on development of technology for 5G network infrasturcture.