• Opinion
How CEO Gelsinger's asset-stripping of Intel leads to an end game.
By Peter Clarke
What’s at stake:
Intel CEO Pat Gelsinger is betting on the future of Intel with some bold moves. He has now been in place long enough – since February 2021 – for shareholders, customers and analysts to start to judge Gelsinger by what he does rather than by what he says, which often sound too optimistic.
Intel Corp.’s announcement that it plans to operate the Programmable Solutions Group (PSG) as a separate business from January 1, 2024 with a view to an IPO within three years, has revealed an asset-sale trend.