Intel Products CEO, Michelle Johnston Holthaus, also discussed the possibility of a manufacturing spinoff, as the two co-CEOs wait for Intel’s board to find a Gelsinger replacement. “Pragmatically, do I think it makes sense that they’re completely separated and there’s no tie? I don’t think so. But someone will decide that,” said Holthaus.

The two executives leading Intel after the ouster of its chief executive conceded on Thursday that the company may be forced to sell its manufacturing operations if a new chipmaking technology slated for next year does not succeed.

If a new processor technology fails to catch on next year, Intel may spin off its processor manufacturing operations within Intel Foundry Services (IFS)

Does it ever fully separate? I think that's an open question for another day,' interim co-CEO says Intel's interim co-CEOs, David Zinsner and Michelle Johnson Holthaus, discussed the possibility of fully spinning off its foundry business while speaking at the Barclays investment banking conference on Thursday.

Intel's co-CEO thinks that spinning off fabs is not a wise idea, but the actual decision will be made by 'someone.'

Executives broke with former CEO Pat Gelsinger’s more bullish messaging and emphasised that it will take time to fix Intel’s competitiveness.