November 15, 2018 / 10:07 PM / a month ago

Intel adds $15 billion to its buyback program

FILE PHOTO: The Intel logo is shown at E3, the world's largest video game industry convention in Los Angeles, California, U.S. June 12, 2018. REUTERS/Mike Blake/File Photo

(Reuters) - Chipmaker Intel Corp (INTC.O) 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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