Intel to spin off its chipmaking business
Intel’s woes are far from over. Pat Gelsinger, the company’s CEO, has announced that Intel’s chipmaking business will be spun off and turned into a separate company. A subsidiary structure will unlock important benefits. It provides our external foundry customers and suppliers with clearer separation and independence from the rest of Intel. Importantly, it also gives us future flexibility to evaluate independent sources of funding and optimize the … ⌘ Read more