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Intel CEO to pitch board on plans to shed assets, cut costs

By Max A. Cherney and Milana Vinn

Sep 2 2024 6:28AM

Tries to revive the once-dominant chipmaker's fortunes.

Intel CEO to pitch board on plans to shed assets, cut costs

Intel CEO Pat Gelsinger and key executives are expected to present a plan later this month to the company’s board of directors to slice off unnecessary businesses and revamp capital spending, according to a source familiar with the matter, as they try to revive the once-dominant ...

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