Today on the earnings call, Intel co-CEO Michelle Johnston Holthaus didn’t commit to either keeping or spinning out the foundries, but hinted that “Intel Foundry will need to

Intel said it no longer plans to sell its next-generation Falcon Shores AI accelerator chip that was due later this year so that it can focus on developing a “system-level solution at rack scale” with a successor chip it’s calling Jaguar Shores.

Intel will face investor scrutiny on its CEO search when it reports quarterly results on Thursday, as the chipmaker stares at another big decline in revenue due to weak PC sales and its shrinking share in the datacenter market.