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Intel to spin off programmable solutions business in IPO over next few years

Por: MarketWatch Business October 04, 2023

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Shares of Intel rose as much as 2.5% after hours, following a 0.7% gain in the regular session to close at $35.69. Meanwhile, the S&P 500 index fell 1.4% Monday, and the tech-heavy Nasdaq Composite fell 1.9%. Sandra Rivera, who currently runs Intel’s data-center and AI group, will lead PSG as chief executive, Intel said. Rivera will continue to run Intel’s data-center group until a successor is named. The move follows last year’s $35... + full article



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