Intel Co-CEOs Mum on Full Foundry Spin-Off

Following the departure of former CEO Patrick Gelsinger, Intel's co-CEOs have offered further insight into the potential separation of its chip manufacturing and design divisions. While the company operates as an integrated device manufacturer (IDM), designing and manufacturing its own chips, recent market slowdowns and manufacturing challenges have spurred speculation about a potential spin-off. Independent Operations, but Not Full Separation? At a recent Barclays conference, the co-CEOs acknowledged the largely independent operations of the product and foundry businesses, stating that they already function "fairly independently." However, they avoided definitively commenting on a complete separation. Co-CEO Michelle Johnston Holthaus highlighted the benefits of the current arrangement, emphasizing access to cutting-edge process technology. She expressed doubt about the practicality of a complete separation, stating that a connection between the two is crucial. Intel…