Intel working with bankers to present board with strategic options
INTCIntel(INTC) CNBC·2024-08-30 13:39

Pat Gelsinger, CEO Intel, speaking on CNBC's Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024.Intel executives are working with multiple advisors to formulate options to address its flagging business, according to a person with knowledge of the matter.Those advisors, which include Morgan Stanley and other bankers, will likely present Intel's directors with options at an upcoming board meeting in September, said the person, who requested anonymity to discuss confidential matters. ...