Intel could sell up to 49% of its foundry business to external investors, but a full IPO or spin-off is unlikely

Intel CFO David Zinsner confirmed that Intel could theoretically sell up to 49% of Intel Foundry without violating U.S. government agreements. However, the company is unlikely to do so due to ownership restrictions, partial fab control, and limited investor interest in the money-bleeding unit, which makes a full spin-off or IPO financially unattractive for now.