Intel stock soars as chip giant weighs bolder options for turnaround

Intel Corp. is working with investment bankers to help navigate the most difficult period in its 56-year history, according to people familiar with the matter. The company is discussing various scenarios, including a split of its product-design and manufacturing businesses, as well as which factory projects might potentially be scrapped, said the people, who asked not to be identified because the deliberations are private. The news sent Intel shares up 9.5% to $22.04 in New York on Friday, marking the biggest single-day gain since October 2022. Morgan Stanley and Goldman...