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Intel considers separating manufacturing, product units

Intel’s interim leadership is still considering whether to separate the company’s manufacturing and product-development divisions.

CFO Dave Zinsner, who is also interim co-CEO, responded to questions about potential structural changes by saying it is “an open question for another day.”

He noted the two divisions already function separately, each with its own oversight and financial records.

Intel’s financial struggles and its performance compared to competitors are central to the conversation about a potential division split.

The company’s shares increased by 1.9% to US$20.50 during trading in New York. However, they have fallen 60% this year as of Wednesday’s close.

Recent Intel developments

Timeline
06-Dec-2024 📈 Intel adds chip experts to board amid CEO search
  • Eric Meurice and Steve Sanghi join Intel’s board.
  • Appointments fill semiconductor expertise gap.
05-Dec-2024 🔄 Intel seeks new CEO with manufacturing expertise
  • Intel seeks new CEO after Gelsinger’s exit
  • Challenges persist in company’s turnaround strategy
04-Dec-2024 📉 Intel shares drop 6% as CEO exits amid struggles
  • Intel shares drop 6% after CEO Gelsinger steps down
  • Company searches for new CEO amid ongoing revenue decline
04-Dec-2024 🔍 Intel considers former board member for CEO
  • Intel evaluates candidates for new CEO
  • Lip-Bu Tan among top contenders for position
03-Dec-2024 📈 Intel names interim co-CEOs as Gelsinger steps down

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