Intel will spin off its 'non-core' businesses, new CEO says [Yahoo! Finance]
Goldman Sachs Group, Inc. (The) (GS)
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Source: Yahoo! Finance
“Going forward at Intel, we will redefine some of our strategy and then free up the bandwidth. Some of the non-core business, we will spin it off, but really focus on our core business and how to expand that using AI and Software 2.0,” Tan said in what was his first public appearance as company CEO. Tan didn't directly name which businesses were going to be considered core versus non-core. Tan was named CEO earlier last month, coming on the heels of a rocky time in the tech giant's history. “It had been a tough period for quite a long time for Intel, we fell behind on innovation and as a result, we have been too slow to adapt and meet your needs,” Tan said, addressing the crowd of customers and investors in Las Vegas. “I will pull together strong teams to correct the past mistakes and start to earn your trust. My motto is very simple: under-promise and over-deliver, that has been my trademark,” he added. The company has been struggling to keep pace with competitors like Nvi
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