) is considering options to weather a historic slump, which include potentially splitting off its foundry business and scrapping plans for new factories, Bloomberg reported on Thursday.Intel had earlier in August suspended its dividend and slashed about 15% of its workforce, as it struggled to catch up with rivals in the foundry space, chiefly Taiwan's TSMC (NYSE:
Once the world's leading chipmaker, Intel fell on hard times in the 2000's, amid increased competition from rivals such as Advanced Micro Devices Inc (NASDAQ:The Bloomberg report showed that Intel was now considering separating its product design and foundry business, while also scrapping plans for expansion as it seeks to streamline its operations.
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