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Dow Jones
By Asa Fitch
Intel Corp.'s incoming Chief Executive Pat Gelsinger said the semiconductor giant would outsource more chip production, as it posted pandemic-fueled full-year results that also underscored the breadth of challenges the new CEO will face.
Mr. Gelsinger on Thursday said Intel would have other chip companies make more of its products, even if the bulk of its new chips in the coming few years would be made in house. The shift marks a break from Intel's traditional reliance on its own factories to make its most-advanced chips -- effectively an acknowledgment that it has fallen behind chip-making rivals.