Intel is collaborating with Morgan Stanley to prepare for potential activist investor challenges, reports CNBC. Although no formal activist campaigns have been launched, Intel is taking steps to protect itself amid intensified competition with AMD, Arm, and Nvidia and financial struggles.
It's hard to pinpoint Intel's rationale for the defense. The elephant in the room is, of course, Intel's manufacturing division and its potential spinoff, something that chief executive Pat Gelsinger strongly opposes. Technically, it is the second largest foundry in the world in terms of revenue (simply because it produces all of Intel's processors), a world behind TSMC, but it is well ahead of Samsung Foundry and SMIC. With a potential 'Intel product company' as its main customer and several external clients, this is a strong contender in the contract manufacturing market.
