Intel is reported to be on the verge of abandoning assets to save itself, business adjustments attract attention

Recently, chip giant Intel has been exposed to be in a difficult situation and is actively planning self-rescue strategies, including measures such as divesting non-essential businesses.

According to Reuters, Intel CEO Pat Gelsinger and his executive team are expected to submit a cost-cutting plan to the company's board later this month. This may involve divesting Intel's programmable chip division Altera, which was acquired for $16.7 billion in 2015. As a wholly-owned subsidiary of Intel at present, it may be directly sold to other chip manufacturers in the future to help Intel cut overall costs. In addition, Intel's $32 billion plan to build a chip factory in Germany may also face interruption or a complete halt.

Intel is currently in a difficult time. After announcing poor second-quarter results, its market value has shrunk to less than $100 billion. Previously, Intel has taken a series of self-rescue measures including laying off 15% of its workforce and suspending dividend payments to achieve the goal of saving $10 billion in costs.

To address current challenges, Intel has also hired Morgan Stanley and Goldman Sachs to provide advice to the board on which businesses Intel can sell and which ones it needs to retain. However, these plans have not been finalized and may still change before the meeting.

This business adjustment plan of Intel has aroused widespread attention in the industry. As the former leader in the chip manufacturing industry, Intel is now facing many problems such as declining performance and losing in the competition in the field of artificial intelligence. Whether it can successfully save itself by divesting non-essential businesses and regain a favorable position in the chip market has become the focus of attention. The international community will also continue to pay attention to Intel's subsequent development trends and the impact of these measures.