(Reuters) - Chipmaker Intel Corp (INTC.O) said on Tuesday it would suspend its share buybacks and warned that the coronavirus pandemic could have a material impact on its business, even as its factories remain operational.
The suspension of buybacks would not impact dividend payments, Intel said in a filing.
Intel in October 2019 said it would repurchase $20 billion (17 billion pounds) worth of shares over the next 15 to 18 months. The company bought back about $7.6 billion in shares in the fourth and the first quarter.
Reporting by Akanksha Rana in Bengaluru; Editing by Vinay Dwivedi