Intel is now working with investment banks to recover from the « worst » financial period the firm has faced in its history.
Intel is now working with investment banks to recover from the « worst » financial period the firm has faced in its history, and there are rumors that Intel might scrap some existing projects.Intel Might Implement A More Extensive Restructuring Policy, Likely Involving Splitting Of Its Foundry Division
Team Blue is in deep waters right now, not just in terms of financial status. Still, the company is having difficulty « pitching » its consumer products.
Bloomberg reports that Intel is seeking financial advice from investment banks to try to find a way out of the firm’s terrible business situation, and one rumored proposition for them is to restructure its foundry business, likely involving a split of product-design & manufacturing businesses, to make IFS more competitive. Intel has sought guidance from Goldman Sachs and Morgan Stanley since the firm believes it must work from ground zero to sustain itself in the upcoming years.
