From Breakingviews - ‘Intel Outside’ is more like it these days
last year, the $140 billion chipmaker has decided to sell 20% of IMS Nanofabrication to buyout shop Bain Capital in a deal that values the business at $4.3 billion. The cash will come in handy for the company whose “Intel Inside” campaign is part of marketing lore, but the benefits of putting the subsidiary on a path to a standalone future are bigger.
IMS dominates a specialized niche of semiconductor manufacturing, making laser-based tools that construct masks used to etch complex patterns on silicon-wafer circuitry. With Intel, Taiwan Semiconductor Manufacturing CorpIntel’s own ambitious plans, including a recently unveiled $33 billion, have opened it up to talking with outside investors.
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