Nvidia recently tested the so-called 18A process but stopped moving forward, Reuters reported, citing two unidentified people familiar with the matter.
Intel Chief Financial Officer David Zinsner and Executive Vice President Michelle Johnston Holthaus are serving as interim co-CEOs while the board searches for Gelsinger’s replacement, the company said in a statement.
Intel Corp, Samsung Electronics Co Ltd, Cadence Design Systems Inc and Synopsys Inc have also agreed to participate as investors in the offering, sources stated, also noting that the talks are ongoing and some other potential investors are in discussions to invest in the IPO
Intel originally aimed to close the deal by the first quarter of the year, but later extended the deadline after it failed to receive approval from China.