Case Details: According to the Complaint, on October 11, 2022, Intel's Chief Executive Officer announced a shift to an "internal foundry model" (the "Internal Foundry" or "Foundry" model). Under the Internal Foundry model, Intel would recognize revenues generated from both external foundry customers and Intel Products, as well as technology development and product manufacturing costs historically allocated to Intel Products. Then, on June 21, 2023, according to the Complaint, the Company provided an update on the Foundry model, explaining that, beginning in the first quarter of 2024, the Company would separate out all manufacturing services into a separate group, inclusive of Intel Foundry Services ("IFS"), manufacturing, and technology development, to form the Foundry, and implement a new financial reporting structure to recognize this reorganization, under which Foundry would be responsible for its own reportable profit and losses ("P&Ls").