Intel is considering splitting its chip design and manufacturing businesses as it faces significant financial losses and investor pressure.
With a $1.61 billion net loss in Q2 2024 and a 26% drop in stock price, Intel is also re-evaluating future projects and potential factory cancellations. CEO Pat Gelsinger is optimistic about upcoming products like "Lunar Lake," but layoffs of 15,000 employees and cost-cutting measures have drawn scrutiny from lawmakers.