Intel has limited customer commitments for latest chip manufacturing tech, CFO says
Key takeaways:
- Intel's upcoming chip manufacturing tech has received only a small volume of confirmed customer commitments, according to CFO David Zinsner.
- Big companies like Nvidia and Broadcom are testing Intel’s chip production, but many customers drop out after initial test phases.
- Intel’s foundry business, which manufactures chips for external clients, aims to break even by 2027, needing billions in external revenue to do so.
- Despite $4.7 billion in foundry revenue last quarter, most of it still comes from chips made for Intel’s own use.
- New CEO Lip-Bu Tan is focusing on streamlining Intel’s operations, selling off non-core assets, but is not planning major strategic shifts.
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