One of our pillar tech employers, the firm is considering major surgery to its entire set-up as it falls further and further behind companies like Nvidia
Staff at chip-maker Intel’s factory in Leixlip, Co Kildare. Photo: Intel
Intel is in trouble. After a dismal set of quarterly earnings losses and a job-cut announcement of 15pc, it is now reportedly in talks with investment bankers to examine radical options, possibly including the break-up of its operations.
Specifically, the Bloomberg report says, it may consider selling off its nascent ‘foundry’ unit, the newly-formed part of the business that was supposed to become a rival to giants, such as Taiwan-based TSMC, which have seen huge success over the last decade by making chips for booming companies such as Apple.