Intel Explores Foundry Sale Amid Market Struggles

Intel Corp., facing hurdles in its 56-year history, is reportedly seeking assistance from investment bankers to explore options, including potential sales of its foundry division and significant cost reductions. This comes just after a tough earnings period underscored the difficulties the company faces in a competitive chipmaking environment dominated by firms like Nvidia. As part of the possible restructuring, Intel may consider splitting its product design and manufacturing units to better attract customers. Additionally, CEO Pat Gelsinger expresses determination to enhance the foundry business, envisioning improvements ahead while aiming to stabilize falling product sales. Meanwhile, Elon Musk's challenges won't be limited to Intel's struggles, as he is embroiled in a deepening conflict with Brazilian officials threatening to block X (formerly Twitter) and Starlink operations due to non-compliance with regulations. The situation escalates Musk's ongoing global clashes while raising questions about operational impacts in Latin America, where X has a large user base but may not be a significant revenue driver. These developments illustrate a volatile week in the technology sector, where success hinges on navigating regulatory landscapes and adapting to market pressures.