Intel plans to IPO programmable chip unit within three years; stock rises after hours
Publishing timestamp: 2023-10-03 17:11:45
Summary
Intel plans to treat its Programmable Solutions Group (PSG) as a standalone business and aims to conduct an IPO for the unit in the next two to three years. The move follows Intel's strategy to control costs and focus on its foundry business and core processors. The demand for field programmable gate arrays (FPGAs) in the semiconductor industry is highlighted, with companies like Lattice Semiconductor and AMD making significant moves in this area. Intel's PSG has been performing well, offsetting a slump in server chip sales.
Sentiment: NEUTRAL
Tickers: MBLY, LSCC, 2330-TW, AMD, INTC,
Keywords: intel corp, taiwan semiconductor manufacturing co ltd, business news, lattice semiconductor corp, breaking news: technology, apple inc, mobile, business, advanced micro devices inc, technology, mobileye global inc,
Source: https://www.cnbc.com/2023/10/03/intel-plans-to-ipo-programmable-chip-unit-within-three-years.html