Intel facing ‘most difficult period in its 56-year history’, exploring options
Intel Corp. is working with investment bankers to help navigate the most difficult period in its 56-year history, according to people familiar with the matter. {{^usCountry}} {{/usCountry}} Morgan Stanley and Goldman Sachs Group Inc., Intel’s longtime bankers, have been providing advice on the possibilities, which could also include potential M&A, the people said. A potential separation or sale of Intel’s foundry division, which is aimed at manufacturing chips for outside customers, would be an about-face for Chief Executive Officer Pat Gelsinger. Gelsinger has viewed the business as key to restoring Intel’s standing among chipmakers and had hoped it would eventually compete with the likes of Taiwan Semiconductor Manufacturing Co., which pioneered the foundry industry.
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