Intel to spin off programmable solutions business into separate company By Investing.com

) Corporation said Tuesday it plans to spin off its programmable solutions unit into a standalone business starting January next year.

The move will allow the PSG business to"fully accelerate" its growth and more effectively compete in the FPGA industry, which serves a broad range of markets with pre-fabricated chips, the company said. Sandra Rivera, executive vice president at Intel, would assume leadership of PSG as chief executive officer, while Shannon Poulin has been named chief operating officer, the company added.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other.

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U.S. stocks are sinking as Treasury yields rise to multiyear highs By Investing.comU.S. stocks are sinking as Treasury yields rise to multiyear highs
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