Intel CFO projects significant contract chip manufacturing revenue by 2026-2027, but advanced 18A process readiness is a concern.

Intel's CFO, David Zinsner, announced that the company's contract chip manufacturing is projected to yield significant revenue by 2027, with some expected as early as 2026. However, recent tests with Broadcom revealed that Intel's advanced 18A manufacturing process is not yet ready for high-volume production, posing challenges for Intel's turnaround strategy. The company is also reducing its workforce by 15% as part of a restructuring plan.

September 04, 2024
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