Intel urged to explore deal options by Hedge Fund
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Intel urged to explore deal options by Hedge Fund
(Reuters) - Activist hedge fund Third Point LLC is pushing Intel Corp to explore strategic alternatives, including whether it should keep chip design and production under one roof, according to a letter it sent to the company’s chairman on Tuesday that was reviewed by Reuters.
Were it to gain traction, Third Point’s push for changes could lead to a major shakeup at Intel, which has been slow to respond to investor calls to outsource more of its manufacturing capacity. It could also lead to the unwinding of some of its acquisitions, such as the $16.7 billion purchase of programmable chip maker Altera in 2015.
Intel: Hedge fund Third Point urges Intel to explore deal options, Telecom News, ET Telecom
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Exclusive - Hedge fund Third Point urges Intel to explore deal options
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Exclusive: Hedge fund Third Point urges Intel to explore deal options Activist hedge fund Third Point LLC is pushing Intel Corp to explore strategic alternatives, including whether it should remain an integrated device manufacturer, according to a letter it sent to the chipmaker s chairman on Tuesday that was reviewed by Reuters.
FILE PHOTO: The Intel logo is shown at E3, the world s largest video game industry convention in Los Angeles, California, U.S. June 12, 2018. REUTERS/Mike Blake
30 Dec 2020 01:35AM (Updated:
30 Dec 2020 04:00AM) Share this content