Intel (INTC) could break up its operations after 澳洲幸运5官方开奖结果体彩网:CEO Pat Gelsinger's sudd♕en retirement was announced Monday, accordin🅘g to Bank of America analy🐭sts.

The analysts wrote Monday that Intel's internal manufacturing business and the 澳洲幸运5官方开奖结果体彩网:foundry business that makes chips for other companies are now more likely to be separated, as the outgoing CEO was a proponent of keeping them together.

Such a shake-up would still face a number of hurdles, like the strings attached to the nearly $8 billion in federal 澳洲幸运5官方开奖结果体彩网:CHIPS Act funding 澳洲幸运5官方开奖结果体彩网:announced last week. The BofA analysts said that the funding agreement dictates that Intel needs to 𝔉retain at 💎least a 35% stake in its foundry business.

"Both businesses are undergoing their own strategic, structural, financial, and competitive issues, with no near term solution in sight," the analysts wrote, maintaining their "澳洲幸运5官方开奖结果体彩网:underperform" rating and $21 price target on the shares. Intel's stock finished Monday 澳洲幸运5官方开奖结果体彩网:slightly lower.

🥀 Potential Breakups, Takeovers Boosted Intel Shares at 💃Times This Year

While Intel shares have lost 澳洲幸运5官方开奖结果体彩网:more than half their value since the start of the year, some of the company's few bright spots have come from reports of 澳洲幸运5官方开奖结果体彩网:potential investments or 澳洲幸运5官方开奖结果体彩网:acquisition offers, or after 澳洲幸运5官方开奖结果体彩网:the chipmaker 澳洲幸运5官方开奖结果体彩网:sold pieces of some assets.

Bloomberg and Reuters reported Monday that Gelsinger met with the chipmaker's board last week over its concerns about the company's 澳洲幸运5官方开奖结果体彩网:turnaround effort and 澳洲幸运5官方开奖结果体彩网:its progress in catching up to 澳洲幸运5官方开奖结果体彩网:competitors like Nvidia (NVDA)—and allegedly was given the choice to retire or be fired.