Intel weighs its options to stem losses 

Intel reported a net loss of $1.61 billion last quarter and announced job cuts and reduced capital spending amid declining shares.

Intel's prominence in the chipmaking industry has been diminished with the company now valued at $86bn and, as a result, it has fallen out of the top 10 largest chipmakers in the world ranked by that measure.

Intel is working with investment bankers to help navigate the most difficult period in its 56-year history, according to people familiar with the matter.

The company is discussing various scenarios, including a split of its product-design and manufacturing businesses, as well as which factory projects might potentially be scrapped, said the people, who asked not to be identified because the deliberations are private.