Intel to spin off FPGA unit as a stand-alone business

Intel spins off its FPGA group as a stand-alone company, apparently because it wasn’t getting the attention it needed to succeed. Intel has announced plans to operate its FPGA business, the Programmable Solutions Group (PSG), as a stand-alone company starting January 1, 2024. This move will involve appointing a new C-suite for the company and reporting it as a separate unit in Intel’s Q1 2024 earnings report, with the eventual goal of spinning it off as a public company. Sandra Rivera, currently in charge of Intel’s data center and AI group, will lead the spin-off company. Intel’s decision to separate