Intel said in September that it plans to turn its foundry business into an independent unit with its own board and the potential to raise outside capital. But for now, Intel's primary client is Intel. The company said it didn't expect meaningful sales from external customers until 2027.
At the Barclays event this month, Zinsner said the separate board for the foundry business is "getting stood up today." More broadly, he indicated that the company is looking to remove complexity and associated costs wherever possible.
"We are going to constantly be scrutinizing where we're spending money, making sure that we're getting the appropriate return," Zinsner said.