"Tan indicated that Intel expects to benefit more from working with Musk than the other way around, pointing to Musk's track record in process optimization and cutting inefficiencies. This acknowledgment reflects a significant shift for a company that has long been a leader in silicon technology."
"Intel's foundry business remains opaque because the company does not publicly name foundry customers. A confirmed TerraFab win alongside SpaceX, xAI, and Tesla as strategic partners would be the marquee validation the foundry story has lacked."
"Intel posted non-GAAP EPS of $0.29 against a $0.01 consensus, on revenue of $13.58 billion, up 7.18% year over year. Data Center and AI revenue climbed 22% and Intel Foundry grew 16%, marking the sixth consecutive quarter of revenue above expectations."
Intel's CEO Lip-Bu Tan expressed that the company may learn more from Elon Musk's expertise in process optimization than vice versa. This statement came during a discussion about Musk's TerraFab project. Intel's foundry business remains unclear due to undisclosed customers, but a partnership with Musk could validate its foundry strategy. Intel reported strong financial results, with a non-GAAP EPS of $0.29 and revenue growth of 7.18%. The U.S. government now holds a significant stake in Intel, providing financial backing and allowing for a more humble approach.
Read at 24/7 Wall St.
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