Hedge fund Third Point urges Intel to explore options to boost position as major chip provider

//Hedge fund Third Point urges Intel to explore options to boost position as major chip provider

Hedge fund Third Point urges Intel to explore options to boost position as major chip provider

Activist hedge fund Third Point is pushing Intel to explore strategic alternatives, including whether it should keep chip design and production under one roof, according to a letter it sent to the company’s chairman on Tuesday that was reviewed by Reuters.Were it to gain traction, Third Point’s push for changes could lead to a major shake-up at Intel, which has been slow to respond to investor calls to outsource more of its manufacturing capacity. It could also lead to the unwinding of some of…

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By | 2020-12-30T02:26:17+00:00 December 30th, 2020|Technology|Comments Off on Hedge fund Third Point urges Intel to explore options to boost position as major chip provider