An Intel Break-Up Could Follow Its CEO Shake-Up, Bank of America Says | Global News Avenue

Intel(international trade center) can later decompose its operations CEO Pat Gelsinger retires suddenly The news was announced on Monday, according to Bank of America analysts.

Analysts wrote on Monday that Intel’s internal manufacturing operations and OEM business That makes it more likely that other companies’ chips will now be separated because the outgoing CEO is a proponent of keeping them together.

Such a restructuring would still face many obstacles, such as strings attached to nearly $8 billion in federal funding. chip bill funds announced last week. Analysts at Bank of America said the financing agreement stipulates Intel Need to retain at least 35% of its foundry business.

“Both companies face their own strategic, structural, financial and competitive issues, with no near-term solutions in sight,” the analysts wrote.poor performance” stock rating and $21 price target. Intel stock closes Monday slightly lower.

Potential spinoffs and acquisitions could boost Intel stock at times this year

Even though Intel shares fell more than half its value Some of the company’s few bright spots since the start of the year come from reports like: potential investment or takeover offeror after chip maker Sold items some assets.

Bloomberg and Reuters Gelsinger met with the chipmaker’s board of directors last week to express concerns about the company, it was reported on Monday Efforts to turn losses into profits and its progress catching up Competitors like Nvidia (NVDA)—allegedly, he had the option to retire or be fired.