Intel Corporation plans to spin off non-core units and focus on core products, including custom semiconductors.
CEO Lip-Bu Tan stated that the company needs to replace lost engineering talent, improve its financial situation, and adjust manufacturing processes to better serve customers. The specific assets to be spun off were not revealed during his first public appearance as CEO at the Intel Vision conference in Las Vegas.
Source: https://www.bloomberg.com/news/articles/2025-03-31/intel-ceo-says-priority-to-recruit-retain-engineering-talent