Intel Weighs Options Including Foundry Split To Stem Losses
Intel is working with investment bankers to help navigate the most difficult period in its 56-year history, Bloomberg reports, citing people familiar with the matter. From the report: The company is discussing various scenarios, including a split of its product-design and manufacturing businesses, as well as which factory projects might potentially be scrapped, said the people, who asked not to be identified because the deliberations are private. Morgan Stanley and Goldman Sachs, Intel’s longtime bankers, have been providing advice on the possibilities, which could also include potential M&A, the people said. The discussions have only grown more urgent since the Santa Clara, California-based company delivered a grim earnings report this month, which sent the shares plunging to their lowest level since 2013.
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Intel is working with investment bankers to help navigate the most difficult period in its 56-year history, Bloomberg reports, citing people familiar with the matter. From the report: The company is discussing various scenarios, including a split of its product-design and manufacturing businesses, as well as which factory projects might potentially be scrapped, said the people, who asked not to be identified because the deliberations are private. Morgan Stanley and Goldman Sachs, Intel’s longtime bankers, have been providing advice on the possibilities, which could also include potential M&A, the people said. The discussions have only grown more urgent since the Santa Clara, California-based company delivered a grim earnings report this month, which sent the shares plunging to their lowest level since 2013.
Read more of this story at Slashdot.