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Intel, Altera
Altera CEO Sandra Rivera denies Intel is looking to sell the company
In an interview with CRN, Sandra Rivera (pictured) said Intel is sticking with its original plan of selling a smaller stake in the company, before spinning it off via an initial public offering in 2026 at the latest.
Intel won’t sell off its programmable chip business: Altera CEO
Sandra Rivera emphasized that Intel has always planned to sell a stake in Altera rather than fully divesting from it, to take the company public by 2026.
Intel’s big turnaround plan includes spinning off its chipmaking business
Intel is spinning off its chipmaking business as part of its plans to reverse billions in losses and a tumbling stock price. In an announcement on Monday, Intel CEO Pat Gelsinger said the Intel Foundry will become an independent subsidiary with “clearer separation and independence” from Intel.
Intel’s Struggles: From Chip King to a Company on the Brink
Intel is considering breaking up amid struggles and declining market position. Morgan Stanley has been hired to protect against activist investors, with rumors of Qualcomm interest. Investors face uncertainty as Intel’s future direction remains unclear.
In Depth
CRN
8d
In Depth
Exclusive: Altera CEO Says Intel’s IPO Plan For FPGA Unit ‘Has Not Changed’
Altera CEO Sandra Rivera tells CRN in an exclusive interview that Intel’s plan to sell a stake in the FPGA business and push ...
22h
on MSN
Intel Says It Won't Sell Mobileye, Ruling Out One Option To Raise Capital
Key Takeaways Intel said it will not sell its majority stake in Mobileye, which develops technology self-driving vehicle ...
10h
on MSN
Down More Than 50%, Can Intel Stock Rebound on New Foundry Plans?
The company also announced an expanded deal with Amazon, in which the two companies will co-invest in custom chip designs. Intel's foundry will also produce artificial intelligence (AI) fabric chips ...
3d
Intel foundry business to make custom chip for Amazon, chipmaker's shares jump
Amazon's AWS cloud computing division already designs several chips for use in its data centers and has hired Intel to ...
3d
on MSN
Intel’s Latest Plans Send Its Stock Soaring—What You Need To Know
Intel shares surged in extended trading Monday after CEO Pat Gelsinger offered an update on the company’s plans to cut costs ...
The Motley Fool on MSN
11d
Intel Might Need to Shrink to Grow Again
It’s reportedly mulling a spinoff or sale of its foundry division. It could also sell its programmable chipmaker
Altera
.
3d
Intel forges path to probable capital incineration
Intel is a chipmaker, just not one of the exciting ones. Boss Pat Gelsinger is trying desperately to change that: on Monday ...
3d
What's Going On With Intel Stock On Tuesday?
Intel stock gains momentum after CEO announces restructuring plan, $3 billion grant and partnership with Amazon. Stock up ...
3d
on MSN
Watch These Intel Price Levels as Stock Surges After CEO Provides Business Update
Intel shares surged nearly 8% in extended trading on Monday after the embattled chipmaker’s CEO provided an update on the ...
14h
Intel CEO announces major restructuring, tells employees: “We need to fight for
Intel is transforming its foundry business into an independent subsidiary to enhance competitiveness in the semiconductor ...
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Mobileye
Pat Gelsinger
Amazon
foundry business
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