Gestalt IT Rundown
Gestalt IT Rundown
Gestalt IT Rundown
Programmable Solutions Group Spun-off by Intel | Gestalt IT Rundown: October 4, 2023
31 minutes Posted Oct 4, 2023 at 5:09 pm.
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Accedian Acquisition Completed by Cisco
Unigen Bakes a Cupcake
Cloud Data Security Reach from Cohesity Increases
The Formation of the Unified Acceleration Foundation
Toshiba is Going Private
Programmable Solutions Group Spun-off by Intel
The Weeks Ahead
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Intel is set to spin off its Programmable Solutions Group as an independent business, aiming for an IPO in 2-3 years. PSG, led by Intel's current Data Center and AI Group EVP Sandra Rivera, will operate independently as part of Intel's broader restructuring efforts. Despite PSG's past financial success, Intel believes this shift will enable more agility and growth, targeting markets beyond data centers. The goal is to retain majority ownership while allowing PSG to operate autonomously in the competitive FPGA market, similar to Intel's approach with Mobileye.
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