13.05.2020 Intel Daily Analysis

13.05.2020 Intel Daily Analysis

Intel today is trading at $58.39, it fell down with $1.74, mainly because Intel Capital which is an arm of Intel has invested in two Chinese startups in the semiconductor sector, the company announced on Wednesday, as part of its latest batch of deals. The investments in companies that compete in fields typically dominated by U.S. players come as Intel remains embroiled in tensions between the United States and China over chip manufacturing and this is affecting the company shares.The investment arm says it plans to commit $300-500M this year to AI-focused startups, particularly those specializing in intelligent edge devices and network transformation. The new investments include Anodot (real-time data monitoring), KFBIO (builds digital pathology systems), and Lilt (AI-powered language translation software). However it is of importance to note that Last year, Intel Capital invested $466M in 36 companies with 35 follow-on investments and the deals led to 22 successful exits.