Intel says it lowered stakes in Astera Labs, Joby Aviation, Senti Biosciences
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- Intel (NASDAQ:INTC) disclosed that it has lowered its stakes in three publicly traded companies, including semiconductor equipment firm Astera Labs (NASDAQ:ALAB).
- The Pat Gelsinger-led Intel said that it cut its stake in Atera to 2.57M shares, down from 5.9M that it owned previously, according to a 13-F filing with the Securities and Exchange Commission. The chipmaker also lowered its stake in Joby Aviation (NYSE:JOBY) to 23.21M shares from 28.26M shares and Senti Biosciences to 50,000 shares from 600,000 shares.
- The filing listed transactions as of September 30.
- Intel shares were down 3% in late afternoon trading on Tuesday.