Intel Corporation (INTC)
Intel CEO to pitch board on plans to shed assets, cut costs, source says
Intel CEO Pat Gelsinger and key executives are expected to present a plan later this month to the company's board of directors to slice off unnecessary businesses and revamp capital spending, according to a source.
New report offers more details into Intel's possible plans to slash costs, sell units
The board of Intel Corp. is expected to be presented with a plan later this month to slash capital spending and shed parts of its business, Reuters reported Sunday.
Exclusive: Intel CEO to pitch board on plans to shed assets, cut costs, source says
Intel is suffering through one of its worst periods as it tries to play catchup in the AI era against companies such as Nvidia.
Where Will Intel Stock Be in 1 Year?
Intel's latest results are a clear indication that the company is failing to make the most of the lucrative growth opportunities created by AI. Rival AMD has been eating Intel's lunch.
Intel's big turnaround plan is now looking very expensive and poorly timed
It is now looking like Intel Chief Executive Pat Gelsinger made an expensive and risky bet on the way to turn around the chip giant — at exactly the wrong time.
S&P 500 Gains and Losses Today: Intel Soars as Chipmaker Eyes Foundry Divestment
Major U.S. equities indexes moved higher on Friday as the latest Personal Consumption Expenditure (PCE) data showed cool inflation in July, which was in line with expectations. The latest signal of moderating price pressure supports the likelihood of an interest rate cut by the Federal Reserve next month.
What's Going On With Intel Stock?
Intel might be going through a big transformation.
Intel Has Been Plummeting, Is The Stock Still Worth the Risk?
Intel (NASDAQ:INTC) is often seen as a laggard in the AI chip race, facing mounting issues.
Intel Stock Is Soaring. Can a Breakup Plan Save the Company?
Intel is working with investment bankers on plans that could include a breakup of the company. The company is also considering scaling back its foundry expansion plans.
Intel's Stock Is Rising After a Report Says It Might Sell Its Foundry Business
A report that Intel Corp. (INTC) is considering the spin-off or sale of its foundry business lifted the tech giant's stock Friday.
Intel to Divest Foundry Division for Core Focus: Stock to Gain?
INTC announces strategic review of its business in response to severe financial difficulties and operational challenges.
Intel Rallies On Report Chip Giant Is Exploring Options Including Foundry Split
Intel stock rallied on a report that the chip giant is considering splitting off its manufacturing business.
