Intel says it can fix its 7nm problems, will outsource some

Intel says it can fix its 7nm problems, will outsource some manufacturing to external foundries


The company wants to reclaim its 'unquestioned leadership in process technology'
on January 22, 2021, 16:44
24 comments
Why it matters: Intel's latest earnings report is the last with Bob Swan at the helm and looks surprisingly positive given the company's recent manufacturing hurdles. Incoming CEO Pat Gelsinger says the company is on track to deliver its first 7 nm chips in 2023 but at the same time acknowledged the need to outsource some of its chip manufacturing while it catches up.
Intel's latest earnings report is in, and it looks like the company made a record $77.9 billion in revenue in 2020, which an 8 percent year-over-year increase compared to its 2019 performance. At the same time, Intel says it generated a profit of $20.9 billion and paid $19.8 billion to shareholders.

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