Intel stock soars as chip giant weighs bolder options for turnaround
Briefly

Intel Corp. is navigating a difficult period, discussing options such as splitting its product-design and manufacturing units and potentially scrapping factory projects, with momentum building amid severe stock performance losses.
The company is contemplating various scenarios, including separating product-design from manufacturing, reflecting on the urgency post a recent grim earnings report that has pressured stock performance.
With shares falling 60% this year, discussions with investment banks reflect Intel's consideration of strategies such as M&A alongside a potential split, important as it recovers from significant losses.
Despite plans that signify a possible shift in operational strategy, Intel likely prefers less drastic measures, such as postponing expansion efforts, before considering a full separation.
Read at Fortune
[
|
]