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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Intel Corporation    INTC

INTEL CORPORATION

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Intel : Allocates $6 Million for Coronavirus Relief, Builds on Previous Efforts

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03/26/2020 | 10:43am EDT

The $6 million in additional donations by Intel will support coronavirus relief efforts in areas - like Washington County, Oregon - where the company has significant operations. (Credit: Walden Kirsch/Intel Corporation)

What's New: The Intel Foundation will provide $4 million to support coronavirus relief efforts in communities where the company has significant presence. The foundation will also offer a special match opportunity for every regular full-time and part-time employee and U.S. retiree to a total of $2 million for relief efforts around major Intel sites.

The Intel Foundation is committed to improving lives around the world and supporting communities during global crises and natural disasters.

Who It Helps: The $4 million donation will be distributed to community foundations and organizations that are focused on food security, shelter, medical equipment and small-business support.

For the matching donations, Intel has identified strategic organizations unique to each major Intel site. Beneficiaries include food banks, school districts and children's hospitals
- all groups focused on helping local communities manage the impact of the coronavirus pandemic.

Donation areas in the U.S. include Arizona, California, Massachusetts, New Mexico, Oregon and Texas. Internationally, donation areas include Costa Rica, India, Ireland, Israel, Malaysia, Mexico and Vietnam.

How Matching Donations Work: Donations from employees and U.S. retirees will be matched from March 26 to April 10, or until a total of $2 million is reached.

More Context: These efforts build on previously announced support including a donation of 1 million gloves, masks and other equipment to healthcare workers and a $1 million International Red Cross donation Intel committed to in January. Additionally, Intel is applying technology and expertise to help better understand and combat the virus. For example, Intel NUCs are helping in the coronavirus fight, and Intel and Lenovo have teamed up with Beijing-based BGI Genomics to accelerate the analysis of genomic characteristics of COVID-19.

Even More Context:Intel Coronavirus News

Disclaimer

Intel Corporation published this content on 26 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 March 2020 15:42:09 UTC

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Financials (USD)
Sales 2020 72 530 M
EBIT 2020 23 774 M
Net income 2020 19 723 M
Debt 2020 18 545 M
Yield 2020 2,25%
P/E ratio 2020 12,9x
P/E ratio 2021 12,6x
EV / Sales2020 3,74x
EV / Sales2021 3,67x
Capitalization 252 B
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Number of Analysts 44
Average target price 64,12  $
Last Close Price 58,98  $
Spread / Highest target 52,6%
Spread / Average Target 8,71%
Spread / Lowest Target -15,2%
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Robert Holmes Swan Chief Executive Officer & Director
Omar S. Ishrak Independent Chairman
Ann-Marie Holmes Vice President-Operations & Manufacturing
George S. Davis Chief Financial Officer & Executive Vice President
Daniel J. McKeon Vice President-Information Technology Group
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