SANTA CLARA (dpa-AFX) – Intel wants to bring another division to the stock market as part of its ongoing corporate restructuring. According to the automotive supplier Mobileye, this time it is the business with programmable special chips that are used, for example, in communications technology or the infrastructure of data centers.
The Programmable Solutions Group (PSG) will initially be managed as a separate business unit and will be listed on the stock exchange in the next two to three years, the semiconductor giant announced on Tuesday. The area is based on the chip specialist Altera, which was acquired in 2015. The Israeli company Mobileye, which was purchased in 2017, took Intel public last year but retained control of the company.
Intel once dominated the semiconductor business, but lost ground after problems developing new chips. CEO Pat Gelsinger wants to get Intel back on track with a focus on new production processes. Other semiconductor companies are currently benefiting from the trends in the tech industry: NVIDIA is strong in technology for teaching artificial intelligence, contract manufacturers such as TSMC (Taiwan Semiconductor Manufacturing) are leading in smartphone processors./so/DP/he
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