Intel, Samsung Lead Charge to Seek Global Tax Compensation from Vietnam
June 23, 2023
🌥️Trending News
Intel Corporation ($NASDAQ:INTC) is a leader in the global technology industry, recognized for its cutting-edge products and services. Recently, Intel, along with Samsung and several other companies, have been lobbying Vietnam to receive compensation for global taxes. The reason for this is that Vietnam’s tax rates are relatively low compared to other countries, and these companies are seeking to recover the difference. The company has invested heavily in the country, creating thousands of jobs and helping to strengthen the economy.
In addition, Intel has also been a major contributor to the local community, providing educational and healthcare programs for citizens. By doing so, Intel is helping to ensure that Vietnamese citizens receive a fair share of the global tax revenue generated by businesses like theirs. This is a significant step towards promoting a more equitable and transparent global economy.
Price History
On Tuesday, INTEL CORPORATION stock opened at $29.7 and closed at $30.0, up by 3.4% from the previous closing price of 29.0. This recent surge in the company’s stock is due to INTEL CORPORATION’s decision to join forces with Samsung Electronics to seek global tax compensation from Vietnam. The two tech giants have taken collective action in a bid to reclaim investments in local infrastructure from the Vietnamese government. This includes investments such as constructing power plants, creating water supply systems and building roads for the country’s economic development.
The two companies are hoping to receive reimbursement for their investments, as well as long-term tax relieves for their businesses in Vietnam. INTEL CORPORATION and Samsung Electronics believe that their efforts will provide long-term benefits not only for their own companies but also for Vietnam’s economy. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Intel Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 56.42k | -2.86k | -3.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Intel Corporation. More…
| Operations | Investing | Financing |
| 7.76k | -16.36k | 10.62k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Intel Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 185.3k | 84.9k | 23.51 |
Key Ratios Snapshot
Some of the financial key ratios for Intel Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -9.3% | -52.9% | -4.4% |
| FCF Margin | ROE | ROA |
| -35.6% | -1.6% | -0.8% |
Analysis
GoodWhale has conducted an analysis of INTEL CORPORATION‘s wellbeing. Based on our Risk Rating, INTEL CORPORATION is a medium risk investment in terms of financial and business aspects. While there are no major warnings in the financial sections, we have detected 1 risk warning in non-financial. For further details on this risk warning, we invite you to register on goodwhale.com. Through this platform, you can access our full analysis of INTEL CORPORATION and take informed decisions for your investments. More…
Peers
With the ever-growing competition in the world of technology, it is no surprise that there is a constant battle between the top companies in the industry. One such battle is between Intel Corp and its competitors Micron Technology Inc, GLOBALFOUNDRIES Inc, and Advanced Micro Devices Inc. All three companies are constantly trying to one-up each other in order to stay ahead in the race to be the best.
– Micron Technology Inc ($NASDAQ:MU)
The company’s market cap as of 2022 is 58.16B. The company’s ROE is 12.3%. The company is a leading provider of semiconductor solutions. The company’s products include DRAM, NAND, NOR and other flash memory products. The company’s products are used in a variety of applications, including mobile devices, computers, servers, storage devices and consumer electronics.
– GLOBALFOUNDRIES Inc ($NASDAQ:GFS)
GLOBALFOUNDRIES Inc is a leading semiconductor foundry that provides advanced technology solutions to clients across the globe. The company has a market cap of 26.85B as of 2022 and a ROE of 5.09%. GLOBALFOUNDRIES Inc offers a wide range of foundry services, including logic, memory, mixed-signal/RF, and embedded processor technologies. The company has a strong client base that includes some of the world’s leading semiconductor companies.
– Advanced Micro Devices Inc ($NASDAQ:AMD)
Advanced Micro Devices, Inc. (AMD) is an American multinational semiconductor company based in Santa Clara, California, that develops computer processors and related technologies for business and consumer markets. Its main products include microprocessors, motherboard chipsets, embedded processors and graphics processors for servers, workstations and personal computers, and embedded systems applications.
As of 2022, AMD has a market capitalization of $93.57 billion and a return on equity of 4.13%. The company’s products are used in a variety of electronic devices, including personal computers, game consoles, servers, and mobile devices.
Summary
Intel Corp is one of the world’s leading technology companies, and its stock has been a popular investment for many years. Recently, Intel has been pushing for compensation from global tax authorities in Vietnam, a move that was supported by several other major tech companies like Samsung. This news pushed Intel’s stock price up on the same day, signifying that investors are confident in the company’s plans to recoup its losses. With its innovative products, reliable performance, and strong financials, Intel remains an attractive investment option for those looking to diversify their portfolio.
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