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Short Take: Intel stock buyback increase authorized

Intel's Board of Directors approved an increase of up to 30 million shares in the company's common stock buyback program, bringing the repurchase limit to 140 million shares. The company has spent $4.6 billion repurchasing 92.6 million shares since the buyback program began in 1990.

Intel's Board of Directors approved an increase of up to 30 million shares in the company's common stock buyback program, bringing the repurchase limit to 140 million shares. The company has spent $4.6 billion repurchasing 92.6 million shares since the buyback program began in 1990.