Intel considers splitting off foundry business, scrapping factory plans- Bloomberg

Investing.com-- Intel Corporation (NASDAQ: INTC) is considering options to weather a historic slump, which include potentially splitting off its foundry business and scrapping plans for new factories, Bloomberg reported on Thursday.

The chipmaker is in talks with investment bankers over potential options and has met with Goldman Sachs Group Inc (NYSE: GS) and Morgan Stanley (NYSE: MS) over a path forward, Bloomberg reported, citing people with knowledge of the matter.

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