Intel (INTC) just unveiled an announcement.
Intel Corporation has restructured its operations by creating an internal foundry model, separating its CPU design and development business (Intel Products) from its manufacturing arm (Intel Foundry), each providing services to both Intel and third-party customers. This strategic shift aims to enhance transparency, cost management, and efficiency. Altera, previously part of Intel, now operates independently with its financials reported separately starting Q1 2024. Intel has adjusted its segment reporting to reflect these organizational changes, and historical data has been recast for consistency, without altering consolidated financial statements.
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