Intel Plans IPO for Its Biggest Acquisition

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As Intel (NASDAQ: INTC) works toward scaling its foundry business, regaining its manufacturing edge, and winning back market share in its core CPU markets, the company hasn't been shy about disposing of non-core assets. Intel has exited a slew of businesses since CEO Pat Gelsinger took the helm in 2021, including memory chips, mini-PCs, and Ethernet switching chips. In some cases, Intel has taken outside investment for non-core businesses in an effort to unlock value for its shareholders.
 
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