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Intel adds $15 billion to its buyback program

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Reuters
Last Updated : Nov 16 2018 | 4:55 AM IST

(Reuters) - Chipmaker Intel Corp said on Thursday its board has approved a $15 billion increase to its share repurchase program.

The company said it had $4.7 billion remaining under its existing repurchase authorization as of Sept. 29.

Intel said it returned about $177 billion to stockholders through dividends and stock repurchases from 1990 through the third-quarter of 2018.

(Reporting by Laharee Chatterjee in Bengaluru; Editing by Sriraj Kalluvila)

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First Published: Nov 16 2018 | 4:50 AM IST

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