Intel's Stock Is Rising After a Report Says It Might Sell Its Foundry Business

Key TakeawaysIntel is reportedly having discussions around the possible spin off or sale of its foundry division, which makes chips for other companies.The company's stock is down 60% this year, making it the second-worst performing component of the S&P 500 index.The company reported a second-quarter loss of $1.6 billion, and analysts expect a $1 billion loss this quarter. A report that Intel Corp. (INTC) is considering the spin-off or sale of its foundry business lifted the tech giant's stock Friday. Share ...