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Intel manufacturing business will see 'meaningful' revenue in 2027: CFO

Economic TimesEconomic Times · 11m ago
Intel manufacturing business will see 'meaningful' revenue in 2027: CFO
Medial

Intel's CFO, David Zinsner, announced that the company expects significant revenue from its contract chip manufacturing business starting in 2027. Intel is currently in discussions with 12 potential clients, with some expected to generate revenue in 2026 and additional cash flow in 2027. The company is prioritizing its more advanced 18A manufacturing process over the 20A process and is already generating revenue from its advanced packaging business. Intel is undergoing a turnaround plan, including business divestments and a workforce reduction, with CEO Pat Gelsinger set to present plans to the board in mid-September. The company is also considering options as it prepares to cut or keep certain aspects of its operations. Funding from the U.S. CHIPS Act is not expected to impact Intel's financials until the end of the year.

Intel exploring division split, M&A to cope with historic slump

Economic TimesEconomic Times · 11m ago
Intel exploring division split, M&A to cope with historic slump
Medial

Intel Corp is reportedly considering various scenarios, with the assistance of investment bankers, including a potential split of its design and manufacturing businesses. The discussions come as the company faces a challenging period and explores options to revive its fortunes. Investment banks Morgan Stanley and Goldman Sachs are said to be advising Intel on potential strategies, which may also involve M&A activities. While no major moves are imminent, the options are expected to be presented during a board meeting in September. Intel CEO Pat Gelsinger has previously viewed the company's foundry division as crucial to its comeback, but a separation or sale of this unit is now being considered.

India's industries must foray into cutting-edge tech to attract more chip fabrication units: Intel's Christoph Schell

Economic TimesEconomic Times · 1y ago
India's industries must foray into cutting-edge tech to attract more chip fabrication units: Intel's Christoph Schell
Medial

Intel's CEO, Pat Gelsinger, stated that semiconductor supply chains in Asian countries such as India, China, Malaysia, Taiwan, Vietnam, and Indonesia are becoming increasingly significant for the company. Intel aims to have semiconductor fabrication or packaging and manufacturing units in these regions. However, Intel isn't planning to set up a semiconductor fabrication unit in India in the near future. Intel plans to invest over $100 billion in its semiconductor capacities in the US over the next five years. Christoph Schell, Intel's Chief Commercial Officer, emphasized the importance of local industries adopting cutting-edge technologies to attract semiconductor fabrication units to India.

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