They're not getting rid of it, they're letting it operate as a separate business while retaining control as the major shareholder. They'll still integrate their FPGA's into Intel products, they'll still get them to keep using Intel's fabs, AND they'll reap the profits of unburdening the business.
They are most definitely getting rid of it long term. It’s not reaping profits when you have to hire a whole new management team because Intel’s management team can’t run them successfully. It’s an admission that the PSG business was a bad fit and they would rather take the IPO funds now than the possible future revenues. They are essentially viewed as a drag on what Intel views as its primary business.
Don't quit your day job, they aren´t hiring a new management team, they are freeing up the PSG management team to do what's best for PSG, as a major shareholder they can still have enough influence to get what they want for the datacenter business and freeing up some cash which they need.
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gputechie - Tuesday, October 3, 2023 - link
Intel can now divest Xeon and other GPU units back and leave its fabs to finally become the next generation TSMC.gputechie - Tuesday, October 3, 2023 - link
Divest as separate companiesThreska - Tuesday, October 3, 2023 - link
Worked for AMD and Global Foundries.TheinsanegamerN - Wednesday, October 4, 2023 - link
Nearly destroyed AMD, remember?gputechie - Wednesday, October 4, 2023 - link
Maybe but AMD is a much stronger company today and Intel can learn from history (yeah right :))Grapple - Wednesday, October 4, 2023 - link
1994: Intel sells its programmable logic business to Altera2015: Intel buys Altera
202?: Intel spins-off its programmable logic business
Ryan Smith - Wednesday, October 4, 2023 - link
Right? It just keeps oscillating back and forth over the last 40 years.😂gputechie - Wednesday, October 4, 2023 - link
True, just thanks for the recall on 1994. Again, Intel can learn from history (yeah right :))webdoctors - Wednesday, October 4, 2023 - link
Weird, AMD recently bought Xilinx, why would Intel get rid of their FPGA business.nandnandnand - Wednesday, October 4, 2023 - link
At least they will manufacture them (?)Wereweeb - Thursday, October 5, 2023 - link
They're not getting rid of it, they're letting it operate as a separate business while retaining control as the major shareholder. They'll still integrate their FPGA's into Intel products, they'll still get them to keep using Intel's fabs, AND they'll reap the profits of unburdening the business.flgt - Thursday, October 5, 2023 - link
They are most definitely getting rid of it long term. It’s not reaping profits when you have to hire a whole new management team because Intel’s management team can’t run them successfully. It’s an admission that the PSG business was a bad fit and they would rather take the IPO funds now than the possible future revenues. They are essentially viewed as a drag on what Intel views as its primary business.Zoolook - Monday, October 9, 2023 - link
Don't quit your day job, they aren´t hiring a new management team, they are freeing up the PSG management team to do what's best for PSG, as a major shareholder they can still have enough influence to get what they want for the datacenter business and freeing up some cash which they need.TankMaster - Wednesday, October 4, 2023 - link
Given there is currently only one sizable company atm dedicated to FPGA (Lattice), I'm curious how this will impact this market.