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Intel PC chip sales rise, but profit forecast falls short on manufacturing costs

Intel PC chip sales rise, but profit forecast falls short on manufacturing costs
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Intel Investigating Hack of Confidential Financial Report

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Intel is investigating an incident in which an unauthorized person accessed a portion of the company s latest quarterly financial report, forcing the chipmaker to release its earnings slightly earlier than planned.
Intel s Chief Financial Officer George Davis told The Financial Times that an attacker accessed the report by hacking into the company s corporate website.
We are investigating reports that non-authorized access may have been obtained to one graphic in our earnings material. Earlier today [Thursday], once we became aware of these reports, we made the decision to issue our earnings announcement a brief time before the originally scheduled release time, an Intel spokesperson tells Information Security Media Group in an email. ....

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Intel sees mix of internal, foundry manufacturing; FT says quarterly results hacked

The incoming chief executive of Intel Corp said on Thursday that most of the company's 2023 products will be made in Intel factories but he sketched a dual-track future in which it will lean more heavily on outside factories. ....

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Intel will stay focused on making chips

Intel Corp.’s incoming Chief Executive Officer Pat Gelsinger pledged to regain the company’s lead in chip manufacturing, countering growing calls from some… ....

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Intel's New CEO Commits to Manufacturing, Shares Fall

Intel Tumbles After New CEO Recommits to Chip Manufacturing
Bloomberg
1/22/2021
Ian King
(Bloomberg) Intel Corp. shares tumbled after the incoming chief executive officer pledged to regain the company’s lead in chip manufacturing, countering growing calls from some investors to shed that part of its business.
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“I am confident that the majority of our 2023 products will be manufactured internally,” Pat Gelsinger said on a conference call to discuss financial results. “At the same time, given the breadth of our portfolio, it’s likely that we will expand our use of external foundries for certain technologies and products.” ....

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