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Incoming Intel CEO says majority of 2023 products will be made internally


By Stephen Nellis and Ayanti Bera
(Reuters) - The incoming chief executive of Intel Corp said on Thursday that most of the company s 2023 products will be made in the company s factories.
Intel last week named Pat Gelsinger of VMware Inc as its incoming chief executive effective Feb. 15 as it grapples with delays in its 7-nanometer chip manufacturing technology.
On an earnings call on Thursday, Gelsinger said he had reviewed the company s manufacturing operations over the previous week and was confident that the majority of our 2023 products will be manufactured internally though he also said that Intel s use of outside chip factories is likely to increase. ....

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Intel's New CEO Commits to Manufacturing, Sending Shares Lower


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.
“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.”
He plans to provide more details after officially taking over the CEO role Feb. 15, however Gelsinger was clear that Intel is sticking with its once-mighty manufacturing operation. ....

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Intel Tumbles After New CEO Recommits to Chip Manufacturing


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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Intel Gives Upbeat Forecast on PC Demand; Shares Jump


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.
Popular Searches
“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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