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Intel Executives Say a Manufacturing Spinoff Is Possible
Intel's interim co-CEOs acknowledged that the company may be forced to sell its manufacturing operations if a new chipmaking technology slated for next year does not succeed. Reuters reports: Speaking at a Barclays investment banking conference in San Francisco on Thursday, Michelle Johnston Holtha...
Intel's interim co-CEOs acknowledged that the company may be forced to sell its manufacturing operations if a new chipmaking technology slated for next year does not succeed. Reuters reports: Speaking at a Barclays investment banking conference in San Francisco on Thursday, Michelle Johnston Holthaus and David Zinsner - who were tapped as co-CEOs after the ouster of former CEO Pat Gelsinger last week- were asked if the company's continued combination of manufacturing and design was tied to the success of a new chipmaking technology called 18A due next year. Zinsner, also chief financial officer, outlined how Intel is already separating the finances and operations of this manufacturing division into a standalone subsidiary.
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