Exclusive: Intel CEO to pitch board on plans to shed assets, cut costs, source says
https:// www.reuters.com /technology/intel-ceo-pitch-board-plans-shed-assets-cut-costs-source-says-2024-09-01/ Exclusive: Intel CEO to pitch board on plans to shed assets, cut costs, source says
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Intel CEO Pat Gelsinger and other executives to present plans to trim down company
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CEO will present ideas at mid-September meeting,
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Plans could include selling Altera programmable chip unit, sources say
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Capital spending cuts may include German factory expected to cost $32 billion, source says
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Intel has retained Morgan Stanley and Goldman Sachs to advise on asset sales
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