Skip Navigation

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/
  • Intel CEO Pat Gelsinger and other executives to present plans to trim down company
    
  • CEO will present ideas at mid-September meeting,
    
  • Plans could include selling Altera programmable chip unit, sources say
    
  • Capital spending cuts may include German factory expected to cost $32      
    billion, source says
    
  • Intel has retained Morgan Stanley and Goldman Sachs to advise on asset  
    sales
    
0
0 comments