, a move that could split apart the semiconductor manufacturer's foundry segment. Intel shares are rising in Friday's pre-market trading, while it is down by 40% over the last year and has fallen by nearly 60% year-to-date in 2024.Intel is reportedly weighing strategic options to address its struggling business.
And, oh, yeah, if that wasn't enough, they announced a 15% head count reduction that amounts to about 15,000 people here.And, uh, or at least the share price action saw its worst day in about 50 years after that report.I we should note, uh, I did reach out to Intel for comment on this one.Now this is really after a couple of weeks, Pat Gelsinger CEO of Intel came out here announced 15,000 job cuts.
But when you hear them or this being floated a potential sale, uh, or some form of transaction for the foundry business, Pat is the one that is focused on building that business up.So to see a potential about face, whatever that might look like is, uh, it's it would be tough to see.Now, Intel is gonna have some new A. I chips out later this year, but still, uh, investors are obsessed with, uh, NVIDIA a MD.
Patrick Mahomes says Taylor Swift has drawn up some football plays, so you know what to do, Andy Reid