Intel Corp. Chief Financial Officer Dave Zinsner said that a formal separation of the company’s factory and product-development divisions is an open question that will be decided by the chipmaker’s next leader.

According to multiple media reports, Michelle Johnston Holthaus and David Zinsner acknowledged that selling Intel's chipmaking was a possibility.

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.