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Intel adds $15 billion to its buyback program

Intel adds $15 billion to its buyback program
FILE PHOTO: Intel's logo is pictured during preparations at the CeBit computer fair at the fairground in Hanover, Germany, March 19, 2017. REUTERS/Fabian Bimmer/File Photo   -   Copyright  Fabian Bimmer(Reuters)
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(Reuters) – Chipmaker Intel Corp <INTC.O> said on Thursday its board has approved a $15 billion (11.73 billion pounds) 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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