Intel Vows Epic Comeback in Chips with New Tech and Factories, Aims to Regain Industry Leadership
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Intel CEO Pat Gelsinger says AI presents a big opportunity for Intel to regain leadership in the chip industry after years of setbacks. He vows "epic comeback."
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Gelsinger announces Intel's latest manufacturing technology will compete with industry leader TSMC later this year. Lands Microsoft as first major customer.
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Intel aims to convince chip designers to use its manufacturing, committing billions to compete with TSMC. Will break out financials for foundry business.
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Getting early access to next-gen lithography equipment from ASML key to Intel regaining manufacturing advantage over TSMC after falling behind.
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Shortage of skilled tradespeople, not engineers, main workforce bottleneck Intel faces in building new US factories under CHIPS Act funding. Needs construction workers.