MBLY - What's Going On With Intel Stock Today? | Benzinga
Intel Corp (NASDAQ: INTC) shares are trading higher Wednesday after the company announced plans to spin off its Programmable Solutions Group business.
What Happened: Intel said it plans to operate its Programmable Solutions Group as a standalone business, which will give it flexibility for accelerated growth and help it to more effectively compete.
Standalone operations are expected to begin on Jan.1, 2024 and Intel will report the new arm as a separate business when it reports its first-quarter financial results. The business unit will also receive ongoing support ...