By Asa Fitch

Activist hedge fund Third Point LLC is urging Intel Corp. to consider strategic changes after a year in which the U.S. semiconductor giant suffered new product delays and lost its rank as America's most valued chip company.

More to follow

Write to Asa Fitch at asa.fitch@wsj.com

(END) Dow Jones Newswires

December 29, 2020 13:55 ET (18:55 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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