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2024-09-20 19:47:15
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finance.yahoo.com on Nostr: Summary of Intel Is Turning Its Foundry Business Into a Subsidiary. Time to Buy? ...

Summary of Intel Is Turning Its Foundry Business Into a Subsidiary. Time to Buy?
Intel Is Turning Its Foundry Business Into a Subsidiary. Time to Buy?
https://s.yimg.com/ny/api/res/1.2/58Hzf5SXyIi57Z5M5lDoVg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTU3Ng--/https://media.zenfs.com/en/motleyfool.com/a78305ab8401f4b7c043a86bfdece01c



https://finance.yahoo.com/news/intel-turning-foundry-business-subsidiary-172900164.html

Intel's stock has been down by about 60% year to date, but its foundry business has shown potential for improvement. The company will turn its foundry business into a separate subsidiary, giving it its own operating board and the ability to raise capital separately. Additionally, the deal with AWS could help make Intel's foundry business a top company in its industry.
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