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Stockreport

Lip-Bu Tan says Intel will spin off non-core units [Yahoo! Finance]

Intel Corporation (INTC)  More Company Research Source: Yahoo! Finance
Last intel corporation earnings: 4/23 04:07 pm Check Earnings Report
US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
Speaking at the Intel Vision conference this week, Tan told attendees that the company will spin off assets that aren't core to its mission, Bloomberg reported . Tan didn't specify what was classified as core and non-core to the company's business. Intel will also launch new products including custom semiconductors for customers, Tan added. But he made no mention of breaking up the company, according to Bloomberg, which was a potential turnaround strategy floated in recent months. Tan was named Intel's CEO on March 12 and assumed the role on March 18, a little over three months after former CEO Pat Gelsinger was forced out of the role on December 1. Previously, Tan was a member of the company's board of directors before resigning late last August. TechCrunch has reached out to Intel for comment. This article originally appeared on TechCrunch at https://techcrunch.com/2025/04/01/lip-bu-tan-says-intel-will-spin-off-non-core-units/ [Read more]
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Stockreport

Lip-Bu Tan says Intel will spin off non-core units [Yahoo! Finance]

Intel Corporation  (INTC) 
More Company Research Source: Yahoo! Finance
Last intel corporation earnings: 4/23 04:07 pm Check Earnings Report
US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
Speaking at the Intel Vision conference this week, Tan told attendees that the company will spin off assets that aren't core to its mission, Bloomberg reported . Tan didn't specify what was classified as core and non-core to the company's business. Intel will also launch new products including custom semiconductors for customers, Tan added. But he made no mention of breaking up the company, according to Bloomberg, which was a potential turnaround strategy floated in recent months. Tan was named Intel's CEO on March 12 and assumed the role on March 18, a little over three months after former CEO Pat Gelsinger was forced out of the role on December 1. Previously, Tan was a member of the company's board of directors before resigning late last August. TechCrunch has reached out to Intel for comment. This article originally appeared on TechCrunch at https://techcrunch.com/2025/04/01/lip-bu-tan-says-intel-will-spin-off-non-core-units/ [Read more]
IMPACT SNAPSHOT
EVENT TIME:
INTC
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Price Change %
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EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
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High:
Low:
MAX DOWN
Low:
%
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%
PRICE CHANGE
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