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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.” ....

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Intel Outsourcing Clues Mount Ahead of Earnings Under New CEO


Intel Outsourcing Clues Mount Ahead of Earnings Under New CEO
Investors want to know one thing when Intel reports results Thursday: Will the world’s largest chipmaker outsource more production?
Bloomberg | Jan 21, 2021
Ian King (Bloomberg)  Investors want to know one thing when Intel Corp. reports results Thursday: Will the world’s largest chipmaker outsource more production? We may already have an answer, judging by recent comments from other parts of the industry.
On Tuesday, ASML Holdings NV, a key provider of chipmaking equipment, said it is shifting orders for some of its most advanced machines from one customer to others. It didn’t say who, but the company was likely referring to orders moving from Intel to other chipmakers, such as Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co. ....

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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.
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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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Asia shares make cautious gains after Wall Street rises as U.S. yields fall

Asian equities made early trading gains on Thursday after a mixed session Wall Street buoyed by expectations of a U.S. stimulus package even as political events in Washington culminated in the impeachment of President Donald Trump. ....

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Asia shares make cautious gains after Wall Street rises as U.S. yields fall

Bonds slipped, Japanese stocks jumped to a three-decade high and other Asian equities loitered near record peaks on Thursday as investors focused on U.S. stimulus prospects and extended bets on global recovery and growth. ....

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