Intel, amidst historical lows, discusses options with investment banks - sources.
August 30, 2024 12:10 JST
US semiconductor giant Intel is collaborating with investment banks to overcome the most difficult period in its 56-year history. This was revealed by informed sources.
The company is discussing various scenarios including the division of the product design and manufacturing business. There is also a possibility that some factory projects may be discontinued. Confidential information, according to anonymous sources.
Morgan Stanley and Goldman Sachs Group, long-time trading banks for Intel, are also providing advice on the possibility of corporate mergers and acquisitions (M&A).
Since Intel announced poor financial results and its stock price plummeted to its lowest level since 2013, discussions with investment banks have become urgent.
The company is discussing various scenarios including the division of the product design and manufacturing business. There is also a possibility that some factory projects may be discontinued. Confidential information, according to anonymous sources.
Morgan Stanley and Goldman Sachs Group, long-time trading banks for Intel, are also providing advice on the possibility of corporate mergers and acquisitions (M&A).
Since Intel announced poor financial results and its stock price plummeted to its lowest level since 2013, discussions with investment banks have become urgent.
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