Michelle Johnston Holthaus and David Zinsner, Intel’s interim leaders who stepped in after Pat Gelsinger’s departure, have not ruled out the possibility of selling the company’s chip manufacturing business, according to Reuters.
During the Barclays conference, Holthaus and Zinsner were asked whether the company’s further integration of manufacturing and design hinged on the success of its new 18A process. This process is planned to be used for producing flagship computer chips. The executives acknowledged that if the technology fails, selling the manufacturing business might be considered, though the final decision is out of their hands.
Zinsner added that Intel is already separating the financial and operational activities of its chip production unit into a distinct structure, Intel Foundry. This division operates independently from the rest of the company and is preparing to establish its own operational board and implement a dedicated software system for its business processes.
It’s worth noting that the interim CEO of Intel expressed doubts about the success of AI accelerators Falcon Shores but described them as a “first step in the right direction.” There also remains a possibility that Intel could be split into separate entities, though any decision on that will rest with the next CEO.
