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Intel splits off foundry business — new dawn for chip giant as it announces major transformation plans
The most significant transformation of Intel in over four decades” includes $10 billion in cost cutting and foundry business spinoff.
Intel’s Ohio facility to be spun off into new company
The $20 billion computer chip manufacturing facility that Intel is constructing in New Albany, Ohio, will be spun off into a new company as part of a restructuring to restore investor faith and save the company’s sinking stock prices.
Intel Shares Surge 8% After Restructuring Plans for Its Foundry Business Announced...
Intel's shares surged 8% after announcing plans to restructure its foundry business as an independent unit with a dedicated board and the potential to raise external capital. Intel will sell a portion of its stake in Altera and possibly spin off the foundry business into a separate public company.
Intel Plans Changes for Leaner, More Profitable Company
Intel CEO Pat Gelsinger provided updates to employees on September 16, 2024, following the announcement of Q2 earnings, previously announced layoffs, and subsequent speculation. The company’s Board of Directors recently held a meeting to discuss strategy,
Hosted on MSN
2d
Intel’s (NASDAQ:INTC) Counterbalancing Views Incentivizes a Risk-Controlled Call Options Play
It doesn’t take a genius to understand that chipmaker Intel ($INTC) is a tricky idea. Even before a disappointing ...
21h
Intel’s stock seals strong week. But would a Qualcomm merger make sense?
One fund manager sees “more cons than pros” if the companies were to combine, after the Wall Street Journal reported that ...
16d
Intel just gave up on a plan it laid out years ago
Intel has been talking about the monumental shift that its 20A node will bring for years, but we'll never see it in action.
7h
Intel's wild week leaves Wall Street more uncertain than ever about chipmaker's future
Intel still makes the majority of processors at the heart of PCs, laptops, and servers, but that’s not enough to appease ...
4d
Intel Stock: Finally At The Right Price
Intel stock has surged recently due to positive developments, including an expanded partnership with Amazon AWS. See more on ...
1d
Micron Technology Stock Earnings Preview: What To Know Before It Reports
Micron Technology's latest earnings report releases later this month. Here's what you should you know before that happens?
3d
Intel to spin off chip fab business unit as AWS signs up for custom AI chips
According to Gelsinger, spinning off Intel Foundry as a fully independent subsidiary will enable it to evaluate independent ...
3d
Looking At Intel's Recent Unusual Options Activity
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $10 ...
8d
on MSN
Intel is in trouble. Here are 5 things tech companies can learn to avoid the same struggles
Intel once saw cash flow of $10 billion per year. Those days are long gone—and there doesn't appear to be much hope for a ...
SchaeffersResearch.com
5d
Intel Stock Moves Higher on Billion-Dollar Federal Grant
Intel Corp (NASDAQ:INTC) stock was last seen up 3.8% at $20.40, after Bloomberg reported the chip name qualified for $3.5 ...
2d
Intel decimates Apple to take battery life crown
Lenovo jumped the gun with a battery life test of Intel's upcoming Lunar Lake CPUs, and they absolutely clobber Apple.
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