Intel’s CEO reveals a recovery plan, which includes splitting the company in two
Intel is not the giant it was a decade ago, and its Q2 2024 earnings proved it. After losing 30% of its stock overnight, the company has been looking for ways to recover and re-establish dominance in the chip market. Recently, there were rumors that Intel was considering splitting itself in two to help manage costs. Now, the CEO has stepped forward and confirmed that it's happening.
Intel is not the giant it was a decade ago, and its Q2 2024 earnings proved it. After losing 30% of its stock overnight, the company has been looking for ways to recover and re-establish dominance in the chip market. Recently, there were rumors that Intel was considering splitting itself in two to help manage costs. Now, the CEO has stepped forward and confirmed that it’s happening.
William Garcia
Boston
Boston
Published by: aplhsindia.in
