Intel Corporation (NASDAQ:INTC) To Trade Ex-Dividend Today; Plans $6 Billion Investment In Israel


Dallas, Texas 05/06/2014 (FINANCIALSTRENDS) – Intel Corporation (NASDAQ:INTC) will be trading ex-dividend on May 05. The company will pay a cash dividend payment of $0.225 a share which is scheduled on June 01, 2014. Shareholders who bought the company’s stocks before the ex-dividend date are eligible for the cash dividend payment. This marks the eighth quarter that Intel Corporation has paid the same dividend. At the current stock price of $26.45, the dividend yield is 3.4 percent.

Intel’s Israel investment in news

In addition, Intel is reportedly investing about $6 billion in Israel. The semiconductor giant will invest to upgrade its Kiryat Gat facility. The development is expected to create thousands of jobs in Israel in coming years.

The announcement seems to have cleared the air on the location Intel would use to build its 10 nanometer fabrication unit. The company said it would be upgrading its Israeli manufacturing chip facility, hinting at possible development of 10nm chips at this facility.

However, it’s not clear yet as to which technology Intel would be installing at its Israel facility, but the news is there that the company will make the decision this year. The upgrade would enable the manufacturing unit at Israel to develop 10nm chips. The chips are expected to feature in the new wearable technology, IoT (Internet of Things), and perceptual computing devices. Intel Corp. sees big future in all these technologies.

Official confirmation yet to come

The $6 billion upgrade, which is also one of the biggest investments in Israel’s history, was first announced by the Israeli Economy Minister Naftali Bennett. The minister even touted the “upgraded facility” to be the world’s most advanced chip manufacturing facility. However, Intel is yet to give official confirmation on the development.

The first design and development center outside the United States, Israel Development center was set up in 1974 in the northern port city of Haifa. Other facilities are in Petah Tikvah and in Yakum, north of Tel Aviv, besides a large manufacturing unit in Kiryat Gat. Intel employs about 9,885 employees in Israel.