{"id":147290,"date":"2024-09-02T12:16:41","date_gmt":"2024-09-02T11:16:41","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=412614"},"modified":"2024-09-02T12:16:41","modified_gmt":"2024-09-02T11:16:41","slug":"intel-to-propose-major-cost-cutting-agenda","status":"publish","type":"post","link":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/2024\/09\/02\/intel-to-propose-major-cost-cutting-agenda\/","title":{"rendered":"Intel to propose major cost-cutting agenda"},"content":{"rendered":"

Intel\u2019s top executives are reportedly bracing to pitch a new cost-cutting plan to its board members later this month, Reuters<\/em> revealed, a strategy which would see the US chipmaker divest some of its assets and refocus capex.<\/p>\n

The plan could involve the sale of Intel\u2019s programmable chips unit Altera, as well as the suspension of a $32 billion plant project<\/a> in Germany, Reuters\u2019<\/em> sources claimed. The latter is part of Intel\u2019s strategy to \u201creduce the company\u2019s spending on factory expansion\u201d.<\/p>\n

Consulting giants Morgan Stanley and Goldman Sachs have reportedly been hired to advise Intel\u2019s board of directors on what businesses it could sell, with the meeting set to take place at some point in the middle of this month.<\/p>\n

Reuters <\/em>noted the agenda, proposed by Intel CEO Pat Gelsinger (pictured<\/em>), is yet to include plans to auction its contract manufacturing business Intel Foundry to a buyer, such as Taiwan\u2019s TSMC, though strategy around its manufacturing operations are not \u201cfinalised\u201d and could change ahead of the big meeting.<\/p>\n

The report came a matter of weeks after Intel sold its stake<\/a> in UK chip design outfit Arm, from which it raised around $147 million.<\/p>\n

It also recently trimmed its headcount<\/a> by more than 15 per cent to help advance its $10 billion cost-saving and restructuring drive it announced in a Q2 financial results presentation.<\/p>\n

Intel had also suspended<\/a> a move to build a $25 million Israeli facility in June, a decision it reportedly blamed on changing market dynamics.<\/p>\n

Intel has been facing a hard time competing with the likes of Nvidia, with its market value nosediving below $100 billion after a disastrous Q2 report.<\/p>\n

The post Intel to propose major cost-cutting agenda<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Intel\u2019s top executives are reportedly bracing to pitch a new cost-cutting plan to its board members later this month, a strategy which would see the US chipmaker divest some of its assets and refocus capex.<\/p>\n

The post Intel to propose major cost-cutting agenda<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n","protected":false},"author":128,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-container-style":"default","site-container-layout":"default","site-sidebar-layout":"default","disable-article-header":"default","disable-site-header":"default","disable-site-footer":"default","disable-content-area-spacing":"default","footnotes":""},"categories":[22],"tags":[61,122,127,129,124,128,125,132,131,133,126,130,123,66,94,88,97,56,64,65,60,112,40,75,95,104,33,120,105,101,98,115,30,29,41,86,70,69,68,72,71,26,118,108,87,46,55,48,52,54,51,50,83,62,58,57,109,35,59,63,85,79,82,96,80,27,81,114,44,42,43,45,38,39,110,117,100,111,116,73,89,90,92,91,93,84,78,37,102,34,36,77,67,74,99,113,119,28,121,32,47,49,53,103,31,76],"class_list":["post-147290","post","type-post","status-publish","format-standard","hentry","category-mobile","tag-airpods","tag-anime","tag-anime-characters","tag-anime-cosplay","tag-anime-edits","tag-anime-merchandise","tag-anime-movies","tag-anime-news","tag-anime-recommendations","tag-anime-reviews","tag-anime-series","tag-anime-streaming","tag-animes","tag-app-store","tag-app-store-samsung","tag-appgallery","tag-appgallery-oneplus","tag-apple","tag-apple-music","tag-apple-tv","tag-apple-watch","tag-bbc-sport","tag-best-mobile-games","tag-bixby","tag-bixby-xiaomi","tag-champions-league","tag-cyberpunk","tag-cyberpunk-2077","tag-fantasy-football","tag-fifa","tag-football","tag-formula-1","tag-fortnite","tag-free-fire","tag-free-mobile-games","tag-freebuds-pro","tag-galaxy-a52","tag-galaxy-note-20","tag-galaxy-s21","tag-galaxy-watch-4","tag-galaxy-z-fold-3","tag-game","tag-games","tag-golf","tag-harmonyos","tag-how-to-backup-iphone","tag-how-to-factory-reset-iphone","tag-how-to-reset-iphone","tag-how-to-restore-iphone","tag-how-to-unlock-iphone","tag-how-to-unlock-iphone-5","tag-how-to-unlock-iphone-6","tag-huawei","tag-ios","tag-ipad","tag-iphone","tag-live-soccer","tag-lol","tag-macbook","tag-macos","tag-mate-40-pro","tag-mi-11-lite","tag-mi-home-security-camera-basic-1080p","tag-mi-home-security-camera-basic-1080p-huawei","tag-mi-smart-band-6","tag-minecraft","tag-miui","tag-mlb-scores","tag-mobile-game-design","tag-mobile-game-development","tag-mobile-game-marketing","tag-mobile-game-monetization","tag-mobile-games","tag-mobile-gaming","tag-nba-scores","tag-nba-standings","tag-nfl","tag-nfl-scores","tag-nhl-scores","tag-one-ui","tag-oneplus","tag-oneplus-9-pro","tag-oneplus-buds-pro","tag-oneplus-nord-ce-5g","tag-oxygenos","tag-p40-pro-plus","tag-poco-x3-pro","tag-pokemon","tag-premier-league","tag-pubg","tag-pubg-mobile","tag-redmi-note-10-pro","tag-samsung","tag-samsung-pay","tag-soccer","tag-sports","tag-steam","tag-steeam","tag-top-10-anime","tag-valorant","tag-when-do-the-iphone-7-come-out","tag-when-does-the-iphone-7-come-out","tag-when-is-the-iphone-7-coming-out","tag-world-cup","tag-xbox-series-x","tag-xiaomi"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/147290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/users\/128"}],"replies":[{"embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/comments?post=147290"}],"version-history":[{"count":1,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/147290\/revisions"}],"predecessor-version":[{"id":147526,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/147290\/revisions\/147526"}],"wp:attachment":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/media?parent=147290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/categories?post=147290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/tags?post=147290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}