Intel (INTC) just unveiled an announcement.
Intel Corporation has revamped its business structure by launching an internal foundry operating model that forges a new relationship between its product design and development segments, and its manufacturing and foundry services. This reorganization, which includes separating Altera as a standalone entity, aims to enhance transparency, cost management, and efficiency. The company has also updated its segment reporting to reflect these strategic changes and has provided recast historical financial data to align with the new model, ensuring consistency for investors and stakeholders moving forward.
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