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Intel Slides As Manufacturing Update Offsets Q4 Earnings Beat; Chipmaker Investigates Pre-Release Hack

Intel Slides As Manufacturing Update Offsets Q4 Earnings Beat; Chipmaker Investigates Pre-Release Hack TheStreet 1/22/2021 © TheStreet Intel Slides As Manufacturing Update Offsets Q4 Earnings Beat; Chipmaker Investigates Pre-Release Hack Intel Corp. shares slumped lower Friday after the chipmaker topped fourth quarter earnings forecasts but provided few details on its manufacturing strategy under new CEO Pat Gelsinger. Popular Searches Gelsinger, who assumes control in February following his departure from VMWare last week, told investors that the majority of its products, including its key 7-nanometer chip, will be made internally by 2023, leaving questions as to how Intel will close the gap on its competitors without the use of extensive outsourcing.

Intel Gives Upbeat Forecast on Demand for PC Chips; Shares Jump

Jan 23 2021, 2:28 AM January 22 2021, 2:35 AM January 23 2021, 2:28 AM (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. (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.”

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.”

AMD Cut to Underperform at BMO on Intel CEO Change

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