INTC Intel Corporation

By Matt Grossman

Intel Corp. said Tuesday that it will engage with Third Point LLC, a hedge fund, in response to a letter it received from Third Point, an Intel investor.

"Intel Corporation welcomes input from all investors regarding enhanced shareholder value," Intel said.

The comment from Intel follows a report by Reuters stating that a letter from Third Point to Intel asked the Silicon Valley company, which makes computer processors, to consider strategic alternatives to bolster its competitive positioning.

Write to Matt Grossman at matt.grossman@wsj.com

(END) Dow Jones Newswires

December 29, 2020 13:46 ET (18:46 GMT)

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