An Intel Break-Up Could Follow Its CEO Shake-Up, Bank of America Says

Key TakeawaysIntel could be more likely to split its operations now that CEO Pat Gelsinger's unexpected retirement was announced, Bank of America analysts wrote Monday.Gelsinger was a proponent of keeping Intel's own manufacturing and contract foundry businesses together as part of his turnaround effort.The analysts said an Intel breakup still faces a number of hurdles, including conditions set by the nearly $8 billion in federal CHIPS Act funding announced last week. Intel (INTC) could break up its operati ...