The two executives leading Intel (NASDAQ: INTC) 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 full separation is “an open question, you know, for another day.”
Intel Latest News on Intel Corporation (INTC) Stock
Mark Glenn is a financial journalist and breaking news reporter for ABBO News. Mark is known for his ability to deliver real-time news updates on market developments, mergers and acquisitions, corporate earnings reports, and regulatory changes, helping investors stay informed and make sound financial decisions. Read Full Bio
