Intel is transforming its foundry division into an independent subsidiary to improve efficiency and attract external investments, as confirmed by CEO Pat Gelsinger. This restructuring aims to address recent financial struggles and position Intel as a leader in chip manufacturing. The foundry will have its own operating board and may potentially become a publicly traded company. Intel has also paused its factory projects in Poland and Germany and will reduce its global real estate by two-thirds. Additionally, Intel announced a multi-billion-dollar deal with Amazon Web Services (AWS) to develop custom AI chips. These moves are part of Intel's broader strategy to cut costs and regain market competitiveness after significant financial losses and investor lawsuits.