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Intel said it plans to spin off its programmable chip unit and make an initial public offering within two to three years. I don't really know how to view this news, positive or negative? The $INTC-1.1% stock initially weakened today but is already going back into the black.

INTC

Intel

INTC
$42.52 -$0.47 -1.09%
Capital Structure
Market Cap
181.8B
Enterpr. Val.
223.9B
Valuation
P/E
107.5
P/S
3.4
Dividends
Yield
1.2%
Payout
152.5%

I really like Intel and Gelsinger's vision, so I believe this will move Intel a little closer to achieving their goal.

As long as it's good for the company and brings more innovation and money, I'm all for it👍.