Published by Global Banking & Finance Review®
Posted on December 12, 2024
1 min readLast updated: January 27, 2026
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Intel executives reveal the possibility of spinning off its manufacturing division, discussing strategic options at an investment banking conference.
(Reuters) - The two executives leading Intel after the ouster of its chief executive said on Thursday that the company may spin out its manufacturing division.
Speaking at an investment banking conference, Co-Chief Executive Michelle Johnston Holthaus said she did not think would make sense to fully separate the company's product and manufacturing divisions but that "someone will decide that."
Co-Chief Executive David Zinsner outlined how the company has already begun separating manufacturing into a subsidiary to handle outside customers and that a full separation is "an open question, you know, for another day."
(Reporting by Stephen Nellis in San Francisco and Arsheeya Bajwa in Bengaluru)
The article discusses Intel's consideration of spinning off its manufacturing division as revealed by its executives.
Co-Chief Executives Michelle Johnston Holthaus and David Zinsner are mentioned.
Intel has begun separating its manufacturing into a subsidiary to handle outside customers.
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