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Intel Plans To Turn Foundry Business Into Subsidiary, Allow For Outside Funding

Intel shares surged 8% after announcing plans to make its foundry business an independent unit with its own board and potential for outside capital, part of CEO Pat Gelsinger's strategy to restructure the company amid financial challenges. The compan

By: Slashdot.org

Oct 07 2024
15
5038 Views

Intel Plans To Turn Foundry Business Into Subsidiary, Allow For Outside Funding — Intel Plans To Turn Foundry Bu

As part of CEO Pat Gelsinger's effort to turn around the struggling chipmaker, Intel said in a memo to employees that it will also sell off part of its stake in Altera. Gelsinger said the restructuri… [+2330 chars]

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