Intel Weighs Selling Divisions And Cutting Costs Amid Growing Financial Struggle

Quick Summary:

It’s no secret that Intel is currently in crisis mode, and the company is now considering selling certain divisions and significant expenditures to regain its competitive edge.

Pat Gelsinger, CEO of Intel, and his team are reportedly preparing a major proposal in hopes to streamline Intel’s future operations, which will be presented to the board […]

The post Intel Weighs Selling Divisions And Cutting Costs Amid Growing Financial Struggle appeared first on Lowyat.NET.

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Author / Journalist: Haikal Nazri

Category: Technology

Markets: MalaysiaGermany

Topics: Cpu Altera Intel foundry Finance Pat gelsinger Intel Gpu

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-03 @ 10:43:18 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: lowyat.net

Language: English

Article Length: 352 words

Reading Time: 2 minutes read

Sentences: 15 lines

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Copyright Owner: © Lowyat.net

News ID: 22348536

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