Key TakeawaysIntel shares surged in extended trading Monday after CEO Pat Gelsinger offered an update on the company’s turnaround plans. Gelsinger said Intel has made progress in lowering costs through layoffs, trimming its real estate footprint, and selling part of its stake in Altera, among other moves.The company also plans to turn its chipmaking arm into a separate subsidiary and said it would produce chips for Amazon, as well as the U.S. military. Intel (INTC) shares surged in extended trading Monday a ...