When companies experience financial difficulties, they might often sell off property to make some cash. In many cases, the companies lease the property back so as not to move their facilities, so not many things change. This is apparently what is going to happen to Intel's campus in Folson, California, reports OregonLive.
The company is set to sell its 150-acre Folsom, California campus, but keep the site operational. Intel plans to keep its Folsom site near Sacramento operational as the facility currently houses some 5,000 employees who mostly work on software, including GPU drivers, cloud software, and system software. The company aims to optimize the use of the property, which includes seven buildings with 1.6 million square feet of office and lab space. In particular, Intel plans to ink partial leaseback agreements.
