Intel Stock Gains on Plans to Separate PSG Operations
<p><a href='https://financialmodelingprep.com/financial-summary/INTC'>Intel Corporation (NASDAQ:INTC)</a> shares gained more than 2% pre-market today after the company announced its intention to spin off its programmable solutions unit into an independent business starting in January next year. </p>
<p>This strategic move is aimed at enabling the PSG (Programmable Solutions Group) business to accelerate its growth and enhance its competitiveness in the FPGA (Field-Programmable Gate Array) industry, serving various markets with pre-fabricated chips. As part of this transition, Sandra Rivera, an executive vice president at Intel, will become the CEO of PSG.</p>

NASDAQ:INTC