​Intel Mulls Foundry Split & Other Options Amid Stock Collapse  – Tyler Durden

Intel Mulls Foundry Split & Other Options Amid Stock Collapse  Intel’s disastrous second-quarter report has forced management to scramble for new strategies to rescue the sinking ship. With shares in freefall, sales plummeting, layoffs mounting, and the dividend suspended for the first time in decades, it’s obvious the struggling chipmaker needs a major overhaul. Bloomberg reports that Morgan Stanley and Goldman Sachs bankers are working with Intel to advise on several scenarios that could stop the market cap hemorrhaging, including a split of the chipmaker’s product design and manufacturing businesses.  Morgan Stanley and Goldman Sachs Group Inc., Intel’s longtime bankers, have been providing advice on the possibilities,…  — Continue at ZeroHedge News : Read More