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

Slashdot.org - 17 September 2024

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 company is also…

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