Intel is engaged in a battle of perception

Various measures have been taken by Intel to enhance its financial performance. This includes the recent decision to suspend dividends, lay off approximately 15% of its workforce, and separate its foundry operations from its design teams.

According to a report by Reuters, Intel CEO Pat Gelsinger and other key executives will be presenting a plan to the board of directors this month. The plan aims to streamline operations by divesting non-essential businesses and restructuring capital expenditure. As per the report, the plan will focus on cutting costs by divesting businesses like the programmable chip unit Altera that Intel can no longer sustain with its previous profit margins.

Alvin Nguyen, a senior analyst at Forrester overseeing Intel’s coverage, expressed support for Intel’s long-term strategic vision but highlighted several challenges in its implementation.

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AndyC

Andy Curtis is an award-winning security consultant, researcher and public speaker. He has been working in the computer security industry since the early 1990s, having been employed by state and federal government, leading healthcare and banking providers across three continents. He has given talks about computer security for some of the world’s largest companies, worked with law enforcement agencies on investigations into hacking groups, and is a regular voice on TV and radio explaining IT security threats.

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