Intel Considers Major Restructuring Amid Financial Struggles

The chip giant is exploring options including splitting its foundry business and halting expansion projects to address ongoing losses.

Intel is working with investment banks to evaluate strategic options during its worst financial period in history.
Potential changes include separating its product design and manufacturing divisions and scrapping some factory projects.
The company's stock surged despite a recent grim earnings report and continued financial losses.
CEO Pat Gelsinger faces increasing pressure as Intel's market value and competitiveness decline.
A board meeting in September will review the proposed strategies to stabilize the company.