Intel has taken various steps to try and strengthen its financial numbers, such as recently having suspended its dividend and laying off about 15% of its employees, along with splitting its foundry operations from its design teams.
“Intel CEO Pat Gelsinger and key executives are expected to present a plan later this month to the company’s board of directors to slice off unnecessary businesses and revamp capital spending,” said a Reuters report. “The plan will include ideas on how to shave overall costs by selling businesses, including its programmable chip unit Altera, that Intel can no longer afford to fund from the company’s once-sizeable profit.”
Forrester senior analyst Alvin Nguyen, who oversees their Intel coverage, said that he is still a fan of Intel’s long term strategy, but he sees various problems with their execution.
