Intel explores splitting or selling chip manufacturing business amid financial challenges.
Intel, facing financial challenges, is considering splitting or selling off its chip manufacturing business, according to sources familiar with the matter. The chipmaker is discussing potential options with bankers Morgan Stanley and Goldman Sachs. Options to be presented at an upcoming board meeting include potential mergers and acquisitions, splitting the company's product-design and manufacturing businesses, or potentially selling off the foundry division, aimed at manufacturing chips for outside customers. No major moves are expected to be imminent, but the discussions are in the early stages as Intel looks to regain its competitive edge.
August 30, 2024
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