Friday, 24 March, 2023

Hedge fund Third Point asks Intel to look for deal options

<p>Activist hedge fund Third Point is pushing Intel to look for alternatives including keeping chip design and production under one umbrella. The call for change, if gained traction, could lead to a major shakeup at Intel and unwind some of its acquisitions, including the $16.7 bn purchase of programmable chip maker Altera in 2015. Many of Intel&#39;s chip designers have fled the firm and it has lost pole position to completion, the Third point said in a letter to the chairman.</p> <p>&nbsp;</p>