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Intel's Turnaround is in Progress as Spending Drops
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April 2, 2026
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April 2, 2026
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3:57Now PlayingIntel's new CEO is stabilizing the company's credit profile, refocusing core-product franchises and cutting costs. It's still a work in progress, but reductions in operating expenses and capital spending are paying off, enabling Intel to buy back a $14.2 billion stake in its Ireland fabrication joint venture without jeopardizing its investment grade profile. A strengthening balance sheet supports better Ebitda trends and deleveraging.
Bloomberg Intelligence Senior Credit Analyst Robert Schiffman joins Paul Sweeney and Scarlet Fu on "Bloomberg Intelligence" to talk about Intel's buyback with Apollo, as well as the turnaround that Intel is seemingly having.
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