# Intel CEO Gearing Up to Pitch Board on Cost-Cutting and Asset Sales 💸

**URL:** <https://onehack.st/t/intel-ceo-gearing-up-to-pitch-board-on-cost-cutting-and-asset-sales/290457>\
**Category:** News & Articles\
**Tags:** business\
**Created:** [September 2, 2024, 5:25pm UTC](https://onehack.st/t/intel-ceo-gearing-up-to-pitch-board-on-cost-cutting-and-asset-sales/290457 "2024-09-02T17:25:34Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![TheJoker](https://onehack.st/user_avatar/onehack.st/thejoker/32/22660_2.png) [@TheJoker](https://onehack.st/u/TheJoker)\
**Post date:** [September 2, 2024, 5:25pm UTC](https://onehack.st/t/intel-ceo-gearing-up-to-pitch-board-on-cost-cutting-and-asset-sales/290457/1 "2024-09-02T17:25:34Z")

</div>

**Summary:**

* * *

1. **Cost-Cutting Strategy**  
Intel CEO Pat Gelsinger is set to propose a plan to the board to cut costs by shedding non-essential businesses and overhauling capital spending.

2. **Asset Sales**  
The plan includes potentially selling off units like the programmable chip unit Altera to streamline operations and improve financial stability.

3. **Future of Foundry Operations**  
The proposal will not currently address the sale of Intel’s contract manufacturing operations, but this could evolve before the board meeting in mid-September.

**Read more at:** [Reuters](https://reuters.com)