Intel sees mix of internal, foundry manufacturing; FT says quarterly results hacked


By Stephen Nellis and Ayanti Bera
(Reuters) – The incoming chief executive of Intel Corp said on Thursday that most of the company’s 2023 products will be made in the company’s factories but outlined a dual-track future in which Intel will lean more heavily on outside factories.
Shares rose 6.5% during regular trade, when the results were released ahead of the close. The Financial Times quoted the company as saying it had been hacked. After hours shares fell about 1.9%.
Intel last week named Pat Gelsinger of VMware Inc as its incoming chief executive effective Feb. 15 as it grapples with delays in its 7-nanometer chip manufacturing technology.
On an earnings call on Thursday, Gelsinger said he had reviewed the company’s manufacturing operations over the previous week and was “confident …

Read More on Datafloq
Credit: Source link