He said the company will have more to say about IFS customers on Monday. Gelsinger joined as CEO earlier this year and pledged to get Intel to regain its leadership in manufacturing. On top of that, he said Intel would invest in its foundry business, where it serves as a contract manufacturer for companies that design their own chips.
Gelsinger made the comments as part of the company’s second quarter earnings call with analysts. Intel reported Q2 earnings and revenues above expectations, and it raised its estimates for 2021 revenues and profits. Just about all chip companies are expanding now to meet that demand, and Intel recently said it would spend $20 billion on new manufacturing in Arizona.
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