Intel’s Rumored Additional Information on Potential Board Considerations: Selling Altera and Chip Manufacturing Facilities

Reuters reported on Intel’s financial restructuring plan that executives are preparing to present to the board for consideration in mid-September. This detailed information differs from Bloomberg’s report from the previous day, but both mention the hiring of financial advisors.

According to Bloomberg’s report, Intel plans to split the company into two parts: the chip design business and the chip manufacturing plants, which can also take on external chip production orders. Currently, Intel has been accounting for these two business segments separately since the first quarter. Reuters report outlines Intel’s proposed actions as follows:

1. Sell all shares in Altera, the FPGA chip manufacturing company acquired in 2015.
2. Separate the chip manufacturing plant business and sell it to other companies.
3. Delay investments or potentially halt the construction plans in Germany.

Intel has declined to comment on these reports while Reuters suggests that the entire plan may be subject to changes.

TLDR:
Intel is considering significant changes in its financial structure, including selling shares in Altera and potentially divesting its chip manufacturing plant business. The plan is still subject to adjustments.