1. Intel is reportedly considering splitting or selling off its chip manufacturing business to stabilize its financial position. 2. The company recently announced 15,000 layoffs and aims to save $10 billion in costs by 2025. 3. Intel's CEO, Pat Gelsinger, emphasized the need for cost alignment and operational changes, but did not mention the potential split of the foundry business.
Related Articles
- Intel Could Score AMD As Foundry Customer In Another Big Vote Of Confidenceabout 1 month ago
 - Intel spins off Network and Edge group as standalone business after posting $2.9b loss — seeking investors for NEX division amid massive internal restructuring3 months ago
 - Intel promises sweeping changes to combat stagnation with new foundry strategy, AI focus, and the return of Hyper-Threading — but losses threaten to curtail ambition3 months ago
 - Intel Foundry layoffs could impact 'more than 10,000' factory workers — one fifth of employees affected by 'enormous cutback'5 months ago
 - Intel Q1 revenues flat y-o-y; lacklustre Q2 forecast6 months ago
 - Analysts question TSMC-Intel jv plan7 months ago
 - A Curious Strategy7 months ago
 - Cadence Joins Intel Foundry Accelerator Design Services Alliance8 months ago
 - InPsytech Joins Intel Foundry Accelerator IP Alliance to Boost HPC, AI, And Automotive Applications8 months ago
 - TSMC and Intel foundry joint venture reportedly still in the works — AMD, Broadcom, and Nvidia approached8 months ago