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Intel's programmable chip unit will become an independent entity from January 1, with an IPO planned for the chipmaker over the next two to three years.
(Bloomberg) Intel Corp. plans to turn its programmable chip division into a standalone business and sell shares to the public or seek an investor for it, part of Chief Executive Officer Pat Gelsinger’s efforts to wring more value from the semiconductor company.Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsWhy a US Recession Is Still Likely — and Coming SoonWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapKevin McCarthy Ousted as US House Spe