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Recently, Intel, the American chip giant that has suffered a severe decline in performance and lags behind in the artificial intelligence competition, is hastily brewing a self-rescue plan.

Reuters disclosed on the 2nd that Intel's executive team will propose a self-rescue plan centered on cost-cutting to the company's board of directors later this month, including the divestment of non-essential businesses, among other things.

Sources revealed that the aforementioned plan currently does not include options to split or sell Intel's chip foundries. It is known that businesses Intel may divest include the programmable chip division Altera. In 2015, Intel acquired Altera for $16.7 billion, and Altera is currently a wholly-owned subsidiary of Intel. Altera could also be sold as a whole to other chip manufacturers willing to take over.

Furthermore, Intel may suspend or completely halt the company's plan to invest $32 billion in building a chip factory in Germany. The self-rescue plan of Intel's executive team is expected to be submitted for discussion at the board meeting to be held in the middle of this month, and the specific self-rescue measures still have uncertainties.

Reuters commented that Intel is currently in the most difficult period in the company's history. After disclosing the "catastrophic" second-quarter performance, Intel's market value is only less than $100 billion. Before the brewing of the latest self-rescue plan, Intel has already announced a series of self-rescue measures, including suspending the company's dividend payments and laying off 15% of its workforce, in order to achieve its goal of saving $10 billion.

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