Driven by rising demand for chips in the pandemic era, semiconductor stocks have been one of the best-performing sectors over the past few years. The recent artificial intelligence (AI) boom propelled the need for semiconductors further, with chipmakers such as Nvidia Corp. (NASDAQ:NVDA) that cater to AI software becoming the biggest gainers. Intel Corp., which has long been the dominant chipmaker, has been restructuring its business to accommodate changing market dynamics. Intel has been laggin
Intel (INTC) has announced plans to spinoff its programmable chip business and take it public through an initial public offering (IPO).
The microchip and semiconductor maker said in a news release that it will separate its Programmable Solutions .
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