US Stock Market Move | Intel Corporation (INTC.US) rose more than 5% and lowered its full-year spending forecast to 16.8 billion dollars.

On Monday, Intel Corporation (INTC.US) rose more than 5%, reaching $25.42. In terms of news, Intel Corporation announced that it has adjusted its operating expenses forecast for 2025 from $17 billion to $16.8 billion. This adjustment was mainly due to its subsidiary, the programmable chip business Altera, no longer being included in the company's consolidated financial statements. On September 15th, Intel Corporation announced that it had reached a final agreement to sell 51% of its Altera business to Silver Lake. The transaction was completed on September 12, 2025. The third quarter of 2025 financial statements of Intel Corporation will reflect Altera's performance from June 29 to September 11, 2025. After the completion of the transaction on September 12, 2025, Intel Corporation will use the equity method to account for its minority investment in Altera. The performance of Altera, a business unit of Intel Corporation in the first half of 2025, showed revenue of $816 million, a gross profit margin of 55%, and operating expenses of $356 million. Intel Corporation stated that the company's annual operating expense target of $16 billion for 2026 remains unchanged.