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.

{username} Just Now Share Follow this postUnfollow this post Save Saved. See Saved Items . This comment has already been saved in your Saved Items Author's response{commentContent} Reply 00 Report {username} Just NowAuthor's response Share Follow this postUnfollow this post Save Saved. See Saved Items .

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Can Nike Sustain Uptrend Following Last Week's Impressive Earnings Report?Stocks Analysis by Investing.com (Günay Caymaz) covering: Nike Inc, Nike Inc, Nike Inc DRC, Nike Inc BDR. Read Investing.com (Günay Caymaz)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

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
Source: Investingcom - 🏆 450. / 53 Read more »