Intel Gives Up on Optane Memory

In the earnings call transcript analyzing the financial results of 2FQ22 ending June 30, 2022 of Intel Corp., CEO Pal Gesinger stated: “We further sharpened our focus in Q2, selling our Drone business and making the difficult decision to wind down our efforts in Optane as we embrace CXL, a standard which Intel Corporation pioneered. These add to actions last year in NAND in the sale of McAfee. In total, we have now exited six businesses since my return, providing roughly $1.5 billion for investments aligned with our IDM 2.0 strategy.”