Reported about 1 month ago
Intel's shares surged over 3% after reports surfaced that the struggling chipmaker is exploring strategic options, including potential mergers or splitting off its product and manufacturing units. This renewed investor interest comes on the heels of a significant decline in Intel's stock price, which has fallen nearly 60% this year. The company is being advised by investment bankers and is contemplating halting some factory projects in a bid to strengthen its position in the competitive chip market amidst a challenging financial landscape.
Source: YAHOO