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Cramer: Intel could split in two

Jim Cramer has a hunch that Intel could be on the verge of splitting itself into two.

He believes that the world's No. 1 chipmaker could break itself into a P.C. semiconductor company, and a high growth company geared towards the internet of things and data centers.

Cramer came to this conclusion when Intel announced that CFO Stacy Smith would move to a new position to oversee sales and manufacturing.

When Cramer interviewed Intel CEO Bryan Krzanich on CNBC's "Squawk on the Street" on Wednesday, he posed the question to him if the company could break up and have Stacy run the slower growth P.C. chip business, and Krzanich run the faster growing segment.

"Bryan made me feel like I...