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Will AXG survive Gelsinger’s axe?

  Intel’s financial report revealed two hard-to-ignore situations. In a quarter where the company reported a loss combined with dropping margins and sales, Pat Gelsinger also jettisoned several non-essential business units that contributed to the drain. Of the groups Gelsinger got rid of was Optane (started in 2017, never made a profit), sold McAfee (bought in 2010, never made a ...

Jon Peddie

  Intel’s financial report revealed two hard-to-ignore situations. In a quarter where the company reported a loss combined with dropping margins and sales, Pat Gelsinger also jettisoned several non-essential business units that contributed to the drain. Of the groups Gelsinger got rid of was Optane (started in 2017, never made a profit), sold McAfee (bought in 2010, never made a profit), and shut down the drone group (started in 2015, never made a profit). Last year, Intel sold off its NAND business to Hynix, giving up its only Chinese fab, and sold off its money-losing sports group; and this year,
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