Intel’s New Albany facility will be spun off into new company under restructuring plan
The $20 billion computer chip manufacturing facility that Intel is constructing in New Albany will be spun off into a new company as part of a restructuring to restore investor faith and save the company’s sinking stock prices.
Intel's Beaten-Down Stock Is Getting a Reprieve Today
Key Takeaways Shares of Intel recently traded at their highest levels this month.Investors responded positively to Monday night's turnaround update from Intel CEO Pat Gelsinger.Some Wall Street analysts,
Intel’s Ohio facility to be spun off into new company
The $20 billion computer chip manufacturing facility that Intel is constructing in New Albany, Ohio, will be spun off into a new company as part of a restructuring to restore investor faith and save the company’s sinking stock prices.
Intel Plans Changes for Leaner, More Profitable Company
Intel CEO Pat Gelsinger provided updates to employees on September 16, 2024, following the announcement of Q2 earnings, previously announced layoffs, and subsequent speculation. The company’s Board of Directors recently held a meeting to discuss strategy,
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The partnership, which the companies describe as a multi-year, multi-billion-dollar co-investment, comes as Intel continues to build out its $28 billion chip manufacturing complex in New Albany.
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Billions in CHIPS Act funding were supposed to help Intel in Ohio. Where’s the money?
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Intel's financial woes take luster off New Albany project, but Ohio leaders remain bullish
Two years after the New Albany project broke ground, some of the luster has worn off Intel's massive semiconductor fab in Licking County.
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Intel’s New Albany facility will be spun off into new company under restructuring plan
NEW ALBANY, Ohio (WCMH) — The $20 billion computer chip manufacturing facility that Intel is constructing in New Albany will be spun off into a new company as part of a restructuring to ...