INTC Intel Corporation

By Robb M. Stewart

Intel Corp.'s shares strengthened Tuesday after four new families of processors were unveiled by the technology company.

In morning trading, the stock was 4.3% higher at $53.74, extending the gain early in the new year to $7.8%. The shares have fallen 8.9% over the last 12 months.

Intel late Monday introduced new processors for business, education, mobile and gaming computing platforms.

The launch included an 11th generation Core vPro platform and Evo vPro platform, and the introduction of its new N-series 10-nanometer Pentium Silver and Celeron processors that it said offer a balance of performance, media and collaboration for education systems.

The company also announced a new line of 11th generation Core H-series mobile processors for gaming platforms and previewed products coming to the market later this year, including 11th generation Core S-series desktop processors code-named "Rocket Lake-S" and next-generation processors code-named "Alder Lake."

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

January 12, 2021 11:48 ET (16:48 GMT)

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