Intel’s quarterly reporting itself generates a lot of information, and the CEO’s interview with the resource Barron’s allows us, for the third day in a row, to examine the business restructuring plans that Patrick Gelsinger has been implementing during his two and a half years in office. Under him, Intel began, if not to get rid of some assets, then to move them outside the general corporate structure.
Image source: Intel
First of all, the Israeli company Mobileye, which previously enjoyed fairly high autonomy within Intel, managed to launch an IPO last fall, and the head of the processor giant was quite pleased with its results. It was recently announced that the Programmable Solutions Group, which inherited Altera’s programmable matrix business, would also be separated from an organizational perspective. In the next two or three years, as Gelsinger explained, it will also go public. Let us recall that Altera was absorbed by Intel eight years ago by decision of the previous management, and now Gelsinger, if not playing back such decisions, is at least trying to reduce the load on the company’s core business through restructuring.
The head of Intel also added that the IMS photomask manufacturing division also received an external investor in the person of the Taiwanese company TSMC. Essentially, as Gelsinger explains, he divided Intel into two main companies and three subsidiary companies. By two main ones, he means the division of powers between processor developers and their manufacturers within Intel. Their interaction has been transferred to more commercially sound principles, which should increase discipline and reduce costs at the processor development stage. The manufacturing part of Intel, among other things, is now entering the contract services market, so it can quite reasonably be considered an independent business.
2023-10-29 04:54:00
#Intel #decided #split #company #main #smaller