Intel CEO Signals That He’ll Stick With Contentious Foundry Plan
1 week, 4 days ago

Intel CEO Signals That He’ll Stick With Contentious Foundry Plan

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-- Incoming Intel Corp. Chief Executive Officer Lip-Bu Tan is signaling that he’ll stick with his predecessor’s plan to make chips for other companies, even as he vows to learn from past mistakes. “We will work hard to restore Intel’s position as a world-class products company, establish ourselves as a world-class foundry and delight our customers like never before,” he said in the letter, which was published on Intel’s website. “In case of no split, the stock will likely remain a show-me story until investors get a better sense of company’s manufacturing road map,” Pajjuri said. That raises confidence that Intel can deliver more advanced technology, including its long-in-the-works 18A production technique, said Raymond James’ Pajjuri.

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