Intel has initiated a significant restructuring plan, which includes the separation of its struggling foundry business into an independent subsidiary. As part of this move, Intel is set to spin off its New Albany facility and aims to streamline operations. The company has also secured a multibillion-dollar deal with Amazon Web Services (AWS) for custom AI and networking chips, which has boosted investor confidence. Following these announcements, Intel's stock has seen a substantial increase, rising nearly 8%. Despite some skepticism from Wall Street analysts regarding the potential success of the foundry spinoff, Intel's CEO, Pat Gelsinger, remains optimistic about the future and the company's ability to compete with rivals like Nvidia and AMD.