Makes sense.
If you’re a PE firm, it’s obvious there’s some quick cash to be grabbed in a rip-and-run sale of the foundry assets. Sure it’d fuck Intel but that’s not your problem after you cash the check.
And there’s also a good case that could be made that the design side is valuable and the foundry isn’t worth what’s being spent because, after all, AMD is competing just fine without having to invest endless billions.
Of course, if you’re Intel, you don’t WANT to just be a design firm and rely on some 3rd party to make your shit, and so, you do this.
Didn’t the us government give them 3bn to build foundries stateside?
Good, the only thing activists have proven they can do for businesses in recent years is lose them billions of dollars and destroy their reputation. Hopefully more businesses catch on and we can get back to getting actually decent products again.
Business decisions have to be made with logic only, not emotion. The two do not mix.
I don’t think you understand what an activist investor is
In this case Intel is worried their stock is low enough that a hedge fund will be able to influence management decisions. Emotions don’t play into it
Seriously?? Protecting themselves from any consequences will mean they act in your best interest???
Hey, wanna buy some lakefront property? It’s on the moon, but still… 🤣
