Sorry Jerry, now Intel might go the same way
Chipzilla is being told by activist hedge fund Third Point that it might need to get rid of its fabs.
Third Point Chief Executive Daniel Loeb wrote to Intel Chairman Omar Ishrak calling for immediate action to boost the company’s position as a major provider of processor chips for PCs and data centers. The New York-based fund has amassed a nearly $1 billion stake in Intel, according to people familiar with the matter.
If Intel listens, 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.
https://fudzilla.com/news/52126-inte...on-t-have-fabs
Intel told "real men don't have fabs"
31st December 2020, 06:30
Intel told "real men don't have fabs" 
