Intel's new CEO, Lip-Bu Tan, has indicated a commitment to refocus the company's efforts on essential core businesses, though the specifics of these plans remain unclear even to Intel's top brass. During a recent Vision event, Chief Commercial Officer Christoph Schell noted that Tan might spin off non-core divisions, but the decision-making process is still in its early stages. Intel has previously divested several units and intends to strengthen its product division while pursuing its foundry ambitions.
We are refocusing on the core... we might make decisions to spin off businesses that we consider as non-core. He hasn't really told us yet what this means.
At Intel, we will redefine some of our strategy and then free up the bandwidth... Some of the non-core business, we will spin it off.
As we strengthen our Intel products, we are equally committed to build a great foundry.
there was even talk leading up to Tan's appointment... of spinning off Foundry as a standalone business.
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