To reduce superfluous businesses and restructure capital spending, Intel CEO Pat Gelsinger and other senior executives are anticipated to present a plan to the board of directors later this month in an effort to turn around the once-dominant chipmaker's financial situation.

This strategy is expected to carry points instructing how to reduce total expenses by selling companies that the chipmaker giant can no longer afford to support with its once-substantial earnings, such as its programmable chip firm Altera.

It is yet to be finalized and is probable to change before the conference, including the plans about its production activities.

Since the first calendar quarter of this year, the chipmaker giant has already given another place to its foundry business from its design company and has been disclosing its financial results separately.

To ensure that prospective clients of the design division would not have access to technology information of customers utilizing Intel's factories, or fabs, to make its chips, the company built a wall separating the design and manufacturing companies.

As it tries to catch up to companies like Nvidia, the leading AI chipmaker with a $3 trillion market valuation, Intel is going through one of its toughest moments. On the other hand, Intel's stock has already dropped to less than $100 billion following a dismal second-quarter earnings announcement in August.

Gelsinger and associates' approach is probably going to contain strategies for further cutting back on the capital expenditures the business makes for plant expansion. The insider claimed that plans to cancel or postpone the company's $32 billion plant project in Germany may be included in the pitch.

In August, Intel released a lower-than-expected third-quarter projection and stated that it plans to reduce capital investment to $21.5 billion in 2025, a 17 percent decrease from current year.

For the one-time chipmaking king, the board meeting in the middle of September is crucial. In August, Intel released financial results for the second quarter that were so bad that the corporation decided to halt dividend payments and reduce staff by 15% in an effort to save $10 billion.