{"id":850865,"date":"2024-09-02T09:40:01","date_gmt":"2024-09-02T04:10:01","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=850865"},"modified":"2024-09-02T09:40:01","modified_gmt":"2024-09-02T04:10:01","slug":"intel-ceo-to-pitch-board-on-plans-to-shed-assets-cut-costs","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/09\/02\/intel-ceo-to-pitch-board-on-plans-to-shed-assets-cut-costs\/","title":{"rendered":"Intel CEO to pitch board on plans to shed assets, cut costs"},"content":{"rendered":"<p>Intel CEO Pat Gelsinger and key executives are expected to present a plan later this month to the company\u2019s board of directors to slice off unnecessary businesses and revamp capital spending, according to a source familiar with the matter, as they try to revive the once-dominant chipmaker\u2019s fortunes.<\/p>\n<p>The plan will include ideas on how to shave overall costs by selling businesses, including its programmable chip unit Altera, that Intel can no longer afford to fund from the company\u2019s once-sizeable profit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Intel CEO Pat Gelsinger and key executives are expected to present a plan later this month to the company\u2019s board of directors to slice off unnecessary businesses and revamp capital spending, according to a source familiar with the matter, as they try to revive the once-dominant chipmaker\u2019s fortunes. The plan will include ideas on how to shave overall costs by selling businesses, including its programmable chip unit Altera, that Intel can no longer afford to fund from the company\u2019s once-sizeable profit.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-850865","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/850865","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=850865"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/850865\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=850865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=850865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=850865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}