Intel splits its struggling foundry division into an independent subsidiary
SMRTR summary
Intel is restructuring its foundry division into an independent subsidiary to improve efficiency and competitiveness. CEO Pat Gelsinger announced expanded partnerships with Amazon Web Services, including co-investments in new chip designs, while the company plans to cut 15,000 jobs and divest two-thirds of its global real estate by year-end.
SMRTR provides this summary for quick context. The original article belongs to TechSpot.
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