In Plain English
Intel Corporation is splitting off Intel Foundry into its own separate, publicly-traded company. Shareholders typically receive shares in the new entity automatically. This was recently announced.
Intel Foundry will become a separate public company
Deal Progress
RUMORED
ANNOUNCED
PENDING
ACTIVE
COMPLETED
Parent Company
Intel Corporation
INTC
Semiconductors
SpinCo / Target
Intel Foundry
Announced
Aug 30, 2024
Aug 30, 24
Expected
TBD
Market Cap
Not disclosed
Deal Value
Not disclosed
Summary
Intel exploring separation of its foundry business to unlock value.
Deal Flow Timeline
Key milestones from announcement to expected completion
Deal Announced
2024-08-30
COMPLETEDForm 10 Filed
UPCOMINGIRS Tax Ruling
UPCOMINGShareholder Approval
UPCOMINGRecord Date
UPCOMINGDistribution / Completion
UPCOMINGDeal Announced
COMPLETEDInitial public announcement of the transaction.
2024-08-30
Form 10 Filed
UPCOMINGRegistration statement filed with the SEC for the new entity.
IRS Tax Ruling
UPCOMINGPrivate letter ruling confirming tax-free treatment.
Shareholder Approval
UPCOMINGBoard and/or shareholder vote to approve the separation.
Record Date
UPCOMINGRecord date for distribution of new shares.
Distribution / Completion
UPCOMINGShares of the new entity distributed to shareholders.