MBLY - Intel Stock Is Moving Higher After The Close: Here's Why | Benzinga
Intel Corp (NASDAQ: INTC) shares are trading higher in Tuesday's after-hours session after the company announced that it plans to operate its Programmable Solutions Group as a standalone business.
What To Know: Intel said it intends to separate its Programmable Solutions Group operations as its own business, giving it the flexibility it needs to accelerate growth and more effectively compete in the industry.
Sandra Rivera, executive vice president at Intel, will become the CEO of Intel's Programmable Solutions Group. The company also appointed Shannon Poulin as COO.
Standalone operations are expected to commence at the ...