Reported about 1 month ago
Intel is reportedly considering a split of its foundry business as part of a strategic turnaround, collaborating with Morgan Stanley and Goldman Sachs. This comes in light of its struggling performance, with shares plummeting by nearly 60% in 2024, as the company aims to improve competitiveness against rivals like Nvidia. Intel’s recent earnings report also indicated plans to lay off 15,000 workers.
Source: YAHOO