06:29 AM EDT, 08/14/2024 (MT Newswires) -- Intel ( INTC ) has sold its stake in British chip company Arm Holdings ( ARM ) , a regulatory filing showed Tuesday.

The sale likely raised Intel ( INTC ) about $146.7 million, based on Arm's average share price between April and June, news outlets said.

Intel ( INTC ) and Arm did not immediately respond to MT Newswires' requests for comment.

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