INTC Pulls Back on Governance Scrutiny, M&A Rumors, and Tech Selloff

Intel (INTC) fell 4.30% to $37.81, extending a two-day slide driven by broader chip sector weakness and new governance concerns regarding CEO Lip-Bu Tan's external ties to ACM Research and SambaNova.

• The company is pursuing early M&A talks focused on AI inference capabilities and announced a partnership with Tata for AI PCs in India.
• Despite positive Q4 revenue guidance of $12.8–$13.8B and U.S. CHIPS Act support, analyst consensus remains at 'Reduce' with price targets implying further downside.
• INTC traded slightly lower after hours at $37.77 (-0.11%).