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Intel Kills Optane Memory Business Entirely, Pays $559 Million to Exit
Intel's Q2 2022 earnings report today was uncharacteristically disappointing, but it also hid a new announcement: Intel is ending its Optane business entirely. During the earnings call, Intel CEO Pat Gelsinger clarified the vaguely worded announcement in the earnings documents, confirming that Intel will wind down its Optane business. The move incurs a $559 million inventory impairment/write-off.