Intel Plans To IPO Programmable Chip Unit Within Three Years

An anonymous reader quotes a report from CNBC: Intel said it will treat its programmable chip unit as as a standalone business, with an aim to spin it out through an IPO in the next two to three years. Intel's Programmable Solutions Group will have its own balance sheet as it heads toward independence. The company will continue to support the business and retain a majority stake, and could also seek private investment. Sandra Rivera, who leads Intel's broader Data Center and AI group, will becom