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

Economic TimesEconomic Times · 2m
Intel manufacturing business will see 'meaningful' revenue in 2027: CFO

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.

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