Programmable Solutions Group

Running Point and its chief investment officer, Michael Ashley Schulman, CFA, were quoted by Reuters in an article — by reporters Stephen Nellis and Samrhitha A, “Intel to spin out programmable chip unit, hold IPO; shares rise 2%” — regarding Intel’s announcement to operate its Programmable Solutions Group as a standalone business starting January 2024.

Benefits to Intel and the spinout

This would be similar to Intel’s partial carveout and sale of Mobileye Global in 2022.

Article excerpt is below:

“This seems like an overdue, smart, and effective move to potentially create more value for investors and allow Intel to focus on core competencies while raising funds for its turnaround attempt,” said Michael Ashley Schulman, chief investment officer at Running Point Capital Advisors.

Some people can do one thing magnificently, like Michelangelo, and others make things like semiconductors or build 747 airplanes — that type of work requires legions of people. In order to do things well, that can’t be done by one person, you must find extraordinary people.

Steve Jobs

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