U.S. Intel shares surge amid reports of contract manufacturing separation.
August 31, 2024, 5:12 AM GMT+9 (excerpt)
The stock price of the major U.S. semiconductor company Intel surged in the morning of the 30th. It is considered significant because it was reported that the company is considering mergers, as well as separating its semiconductor contract manufacturing (foundry) business amidst continued management difficulties.
Bloomberg News reported on the 29th that Intel is in discussions with investment banks regarding options such as the separation or sale of the foundry division for external customer semiconductor manufacturing, and there is a possibility that some factory projects may be abandoned.
Bloomberg News reported on the 29th that Intel is in discussions with investment banks regarding options such as the separation or sale of the foundry division for external customer semiconductor manufacturing, and there is a possibility that some factory projects may be abandoned.
In response, Intel's market capitalization is expected to rise by over $4 billion on the 30th. In early August, due to deteriorating performance and significant workforce reduction, its market value had fallen below $100 billion for the first time in 30 years.
Many investors believe that Intel is lagging behind semiconductor giants like Nvidia in the era of AI, and that business split is an ideal choice.
Intel's stock price surged by about 9% in the morning trade.
Many investors believe that Intel is lagging behind semiconductor giants like Nvidia in the era of AI, and that business split is an ideal choice.
Intel's stock price surged by about 9% in the morning trade.
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sonobe : Hmm. I won't be interested until it drops below $10.![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)