Intel's biggest-ever restructuring: Read memo sent by CEO to employees

Intel CEO Pat Gelsinger announced a significant restructuring of its foundry business into an independent subsidiary to enhance efficiency and competitiveness. Intel secured a multibillion-dollar agreement with Amazon Web Services for AI chip production and received substantial funding under the CHIPS Act. The company will pause construction of new chip plants in Europe.

from Times of India https://ift.tt/ev2hCPF