Intel to Divest Foundry Division for Core Focus: Stock to Gain?

Per a Bloomberg release, Intel Corporation (INTC) is undertaking a comprehensive strategic review of its businesses as it confronts severe financial difficulties and operational challenges.  This follows a dismal second-quarter 2024 performance that triggered a sharp decline in its stock. This review aims to address the company's current difficulties and pave a path forward in the highly competitive semiconductor market.INTC’s Major Strategic ChangesPer the review, the company will likely consider several s ...