Intel won't spin-off flash memory business

Intel's CEO Paul Otellini says the company is currently not thinking about spinning off its memory chip business:

"What we are thinking about is simply allowing the memory factory team to work much more tightly aligned with the design team," he elaborated.

Otellini is engaged in a review of Intel's operations, especially after last week its world crumbled when favourite customer Dell became so alarmed while gazing at its own bottom line it decided to allow a few AMD Opteron chips onto its virtual pages.

Intel's flash memory operation is believed to have lost more than $450 million over the last three years.

More info over at The Inquirer.