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Incoming CEO wants Intel to again be the 'unquestioned leader' in industry

January 22, 2021. Summarized by summa-bot.

Compression ratio: 20.2%. 1 min read.

ANTALYA, TURKEY - DECEMBER 6: Intel processor chip for Samsung is seen in this illustration photo in Antalya, Turkey on December 06, 2019. (Photo by Mustafa Ciftci/Anadolu Agency/Getty Images)

Intel investors and analysts got their first glimpse at incoming CEO Pat Gelsinger's vision for the company during its earnings call on Thursday.

New York (CNN Business)Intel investors and analysts got their first glimpse at incoming CEO Pat Gelsinger's vision for the company during its earnings call on Thursday.

A major concern for Intel has been its next generation 7-nanometer chip — the company said in July that the technology would be delayed by about six months, to late 2022 or early 2023.

Meanwhile, competitors Taiwan Semiconductor Manufacturing Company (TSM) and Samsung (SSNLF) have already produced 7-nanometer chips and are moving on to even more advanced technology, threatening to put Intel even further behind and helping rivals such as AMD (AMD) steal market share.

Gelsinger and Swan suggested during the call that Intel is likely to keep production in-house for the 7-nanometer chip, though the company pledged to provide more details on its manufacturing plans after Gelsinger takes over.

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