https://arstechnica.com/gadgets/2020/12/activist-hedge-fund-advises-intel-to-outsource-cpu-manufacturing/

Activist hedge fund Third Point has taken a stake of nearly $1 billion in Intel and called on the chipmaker to consider shedding its manufacturing operations, throwing a core part of its strategy into question.

The firm with $15 billion in assets run by Daniel Loeb made a number of demands in a letter sent to Intel’s chairman Omar Ishrak on Tuesday and seen by the Financial Times.