Intel said it “welcomes input from all investors regarding enhanced shareholder value.” It added, “In that spirit, we look forward to engaging with Third Point LLC on their ideas towards that goal.” Shares of Intel are up 5% to $49.54 following reports that Dan Loeb’s Third Point is pushing the chipmaker to explore strategic alternatives. In a letter sent to its chairman on Tuesday, Third Point questioned whether Intel should remain an integrated device manufacturer, Reuters reported.
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