A CEOs and BOD primary job is to maximize value for the owners of the company and that is the stock holders. What is good for the owners should be good for the employees that are left.
By every metric intel is poorly valued compared to those that design like AMD, Nvidia, Qualcomm and even Broadcom. Or compared less leadership chip manufactures like Infineon, NXP, ON, Microchip, Maxim, or of course compared to the gorilla in the Business TSMC.
It is busted how a company that has the corner on the highest margins is so poorly valued for what generates huge cash flow.
If LTD and TMG had even been half competent I would think the stock would be at 85 - 90! So they have cleaned house and things are still a FUBAR and what is the value in investing north of 5 Billion to be behind in scale and technology with no chance of ever making it worth the investments? Far more obvious to spin off the fabs, take the 5B and give it to Samsung or TSMC as down payment on 5 and 3nm capacity with slightly less margins than waste it way on TMG.
Let TMG fend for itself, that will change the behavior and thinking too from top to bottom of that poisoned organization and purge the remaining rot there.
Who knows cut free and forced to compete maybe they can revive themselves.
Anything less radical will always mean the stock holders not getting their value. What will Pat ( PG ) do?
https://auto-economictimes-indiatimes-com.cdn.ampproject.org/c/s/auto.economictimes.indiatimes.com/amp/news/industry/intel-fab-spinoff-might-double-its-value/81126545