Intel (INTC) shares slip by over 5% on Tuesday following CEO Pat Gelsinger's sudden retirement from the chip manufacturer over the weekend. Intel's CFO David Zinser and CEO of Intel Products Michelle Johnston Holthaus have been named as interim co-CEOs as the company searches for a new chief executive.

Yahoo Finance tech editor Dan Howley explains where Intel's foundry business still stands in the broader chip manufacturing landscape.

Follow along with more of Yahoo Finance's coverage around Intel and Pat Gelsinger's sudden departure:

Intel should leave the foundry business: Analyst on CEO departure
Intel's CEO search: If Gelsinger can't turn around Intel, who can?
Intel CEO's sudden retirement likely tied to foundry split: Analyst
CEO turnover reaches record levels in 2024 as 'increasing complexity' drives execs to the exits
IntelCEO Pat Gelsinger pushed out following tumultuous tenure leading the chip giant

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This post was written by Luke Carberry Mogan.