Intel Announces Spin-off of Programmable Chip Unit, Creating Independent Programmable Solutions Group In a strategic move, Intel has revealed its plan to spin off its programmable chip unit, giving rise to an independent entity known as the Programmable Solutions Group. Under this restructuring, the newly formed group will have its own balance sheet, marking a significant shift in Intel’s organizational structure.

Despite the spin-off, Intel remains committed to supporting the business and will retain a majority stake in the Programmable Solutions Group. This decision comes on the heels of Intel’s acquisition of the FPGA (Field-Programmable Gate Array) business, which it secured with the purchase of Altera for a substantial $16.7 billion in 2015.

The move to create an independent unit within Intel’s ecosystem underscores the company’s strategy to streamline its operations and potentially unlock new growth opportunities in the highly competitive semiconductor industry. As the Programmable Solutions Group takes its place in the market, it will be fascinating to watch how this decision shapes the future landscape of programmable chips and Intel’s overall business strategy.

Last Updated on: Wednesday, October 4, 2023 7:44 am by Anu Priya | Published by: Anu Priya on Wednesday, October 4, 2023 7:44 am | News Categories: News, Business, GENERAL, Tech

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