Intel CEO Pat Gelsinger is reportedly going to pitch a cost-cutting plan to its board members sometime in mid-September.
Intel, the PC chip maker that was once seen as completely dominant in that world, is now in dire straits. Today, a new report claims that the company’s current CEO, Pat Gelsinger, along with some of the company’s other executives, is working on a plan to cut down Intel. That plan will be presented to its board of directors sometime in mid-September.
Reuters reports, via unnamed sources, that the plan may involve selling off Altera, a business that Intel acquired in 2015 for $16.7 billion. The Altera division makes field-programmable gate arrays or FPGA processors.
