Intel Corp (NASDAQ:INTC, ETR:INL) is working with multiple advisors, including Morgan Stanley (NYSE:MS), to explore options to improve its declining business, according to Bloomberg citing a source with knowledge of the process.
These options may involve selling off parts of the company, with Intel’s board set to review the proposals in September.
CEO Pat Gelsinger acknowledged investor concerns during a recent technology conference, emphasising the company’s need to operate more efficiently.
Despite announcing the upcoming launch of its new processor, Lunar Lake, Intel's stock has dropped nearly 60% this year, largely due to competition from NVIDIA Corp (NASDAQ:NVDA, ETR:NVD).
Alongside disappointing earnings, Intel revealed plans to cut 15,000 jobs as part of broader cost-reduction efforts. However, investor confidence remains low, and the future of Intel’s business strategy remains uncertain.