Intel considers splitting off foundry business, scrapping factory plans- Bloomberg

Mitrade
Trending Articles
coverImg
Source: Shutterstock

Investing.com-- Intel Corporation (NASDAQ:INTC) is considering options to weather a historic slump, which include potentially splitting off its foundry business and scrapping plans for new factories, Bloomberg reported on Thursday.


The chipmaker is in talks with investment bankers over potential options and has met with   Goldman Sachs Group   Inc (NYSE:GS) and   Morgan Stanley   (NYSE:MS) over a path forward, Bloomberg reported, citing people with knowledge of the matter.  


Intel had earlier in August suspended its dividend and slashed about 15% of its workforce, as it struggled to catch up with rivals in the foundry space, chiefly Taiwan's TSMC (NYSE:TSM).


Once the world's leading chipmaker, Intel fell on hard times in the 2000's, amid increased competition from rivals such as Advanced Micro Devices Inc (NASDAQ:AMD), and as it struggled to keep pace with demands from the smartphone and mobile computing industry.


Apple Inc's (NASDAQ:AAPL) decision to develop its own silicon and stop using Intel chips was also a major blow to the chipmaker.


Intel's challenges came to a head in recent years, with NVIDIA Corporation's (NASDAQ:NVDA) dominance in artificial intelligence further cutting Intel's sales.


The Bloomberg report showed that Intel was now considering separating its product design and foundry business, while also scrapping plans for expansion as it seeks to streamline its operations.


The company could not be immediately reached for comment.

Read more

  • Gold Price Trend Forecast: Why Did Gold Prices Fall After US CPI Cooled? Fed Chair Speech and Iran Situation Become Obstacles
  • Crypto market trades green as Bitcoin blasts past $111,000, enters price discovery mode
  • * The content presented above, whether from a third party or not, is considered as general advice only.  This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.

    goTop
    quote
    Related Articles
    placeholder
    SK Hynix ADR Premium Narrows Sharply, Two-Way Conversion Imminent, Arbitrage Window Tests PricingAfter experiencing a wild surge following its initial listing, SK Hynix ( SKHY) ADR premium is rapidly unwinding. In US trading on Wednesday, July 15, SK Hynix ADRs closed down 9% at $176
    Author  TradingKey
    3 hours ago
    After experiencing a wild surge following its initial listing, SK Hynix ( SKHY) ADR premium is rapidly unwinding. In US trading on Wednesday, July 15, SK Hynix ADRs closed down 9% at $176
    placeholder
    Today’s Market Recap: Unexpected PPI Drop Boosts Markets, Apple Hits All-Time High, AI Hardware Stocks Remain Under Pressure, Micron, SanDisk SlumpOn July 15, Eastern Time, the three major US stock indexes closed higher for the second consecutive trading day. The unexpected decline in the US June PPI further st
    Author  TradingKey
    12 hours ago
    On July 15, Eastern Time, the three major US stock indexes closed higher for the second consecutive trading day. The unexpected decline in the US June PPI further st
    placeholder
    Nvidia 2026 Shareholder Meeting Preview: Can Stock Price Hit New Highs? How Blackwell, Vera Production Ramps Will Determine Future Revenue?This Wednesday (June 24), NVIDIA (NVDA) will hold its 2026 annual meeting of stockholders online. The focus of this meeting will be the production ramp-up of Blackwell and the brand-new V
    Author  TradingKey
    Jun 22, Mon
    This Wednesday (June 24), NVIDIA (NVDA) will hold its 2026 annual meeting of stockholders online. The focus of this meeting will be the production ramp-up of Blackwell and the brand-new V
    placeholder
    If SpaceX and Tesla Truly Merge, Should Investors Celebrate or Exit Early? According to a CNBC report on Tuesday, Elon Musk has discussed merging SpaceX with Tesla ( TSLA ). The world was stunned by this sudden bombshell. However, in the face of this unprecedent
    Author  TradingKey
    May 27, Wed
    According to a CNBC report on Tuesday, Elon Musk has discussed merging SpaceX with Tesla ( TSLA ). The world was stunned by this sudden bombshell. However, in the face of this unprecedent
    placeholder
    Nvidia Earnings Approach: Can It Drive a Nasdaq Rebound? What Should Investors Watch Most?On May 20, ET, NVIDIA ( NVDA )'s first-quarter fiscal 2026 earnings report, to be released after the market close, has become the market focus. The options market has already reacted; bas
    Author  TradingKey
    May 20, Wed
    On May 20, ET, NVIDIA ( NVDA )'s first-quarter fiscal 2026 earnings report, to be released after the market close, has become the market focus. The options market has already reacted; bas
    Live Quotes
    Name / SymbolChart% Change / Price
    INTC
    INTC
    0.00%0.00
    NAS100
    NAS100
    0.00%0.00

    US Stocks Related Articles

    • 10 Best Day Trading Platforms for Beginners and Active Traders in 2026: A Practical Guide
    • How To Invest in SpaceX Stock in 2026? Everything Investors Need to Know
    • Practice Trading Us Stocks? These Are 10 Best Stock Trading Demo Apps For Beginners
    • ​5 Best Paper Trading Platforms for 2026 (Free Demo Accounts for Beginners & Traders)
    • Wall Street’s Top 10 US Stocks for 2026 vs What Reddit Is Actually Buying
    • Is Mitrade Right for You? A Complete Guide on How to Start Trading CFDs in 5 Steps

    Click to view more