Intel Looks For Options To Escape The Dire Financial Situation, Foundry Business Likely To Take A Massive Hit

Intel is now working with investment banks to recover from the "worst" financial period the firm has faced in its history, and there are rumors that Intel might scrap some existing projects.

Intel Might Implement A More Extensive Restructuring Policy, Likely Involving Splitting Of Its Foundry Division

Team Blue is in deep waters right now, not just in terms of financial status. Still, the company is having difficulty "pitching" its consumer products.

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Bloomberg reports that Intel is seeking financial advice from investment banks to try to find a way out of the firm's terrible business situation, and one rumored proposition for them is to restructure its foundry business, likely involving a split of product-design & manufacturing businesses, to make IFS more competitive. Intel has sought guidance from Goldman Sachs and Morgan Stanley since the firm believes it must work from ground zero to sustain itself in the upcoming years.

Despite laying off thousands of employees, along with implementing a robust restructuring policy, Intel has yet to find itself going in the right direction, and to top things off, Team Blue's CEO Pat Gelsinger doesn't have much time left, given that under his command, the company is unable to perform in the markets, and has reported continued losses over the past quarters, and the numbers are still growing.

However, it is uncertain that Intel will take a huge step for now, and the next move will likely involve cost-cutting in the form of scrapping development projects, whether it is foundries for the IFS or even new manufacturing facilities. The idea of disbanding Intel Foundry isn't viable, given that the division holds immense importance for Intel, especially when it comes to competing in the semiconductor markets. But, for IFS, things aren't looking good either since the fab's 18A process is said to come with