Intel to Spin-off Programmable Solutions Group as Standalone Business, Eyeing IPO in 2-3 Years
Intel this afternoon has announced that the company will be spinning off its programmable solutions group (PSG), to operate as a standalone business. The business unit, responsible for developing Intel’s Agilex, Stratix, and other FPGA products, will become a standalone entity under Intel’s corporate umbrella starting in Q1 of 2024, with the long-term goal of…