Intel’s new CEO says troubled chip project is recovering, may still outsource some manufacturing

Pat Gelsinger, Intel’s incoming CEO, said on Thursday that the company’s troubled 7-nanometer chip manufacturing technique is on track to be used to make chips sold in 2023. However, he warned that Intel will still likely outsource an increasing amount of chip manufacturing to external foundries. The remarks came in an earnings call with analysts covering the quarter ending last December. It’s the last full quarter under CEO Bob Swan before Gelsinger takes over on February 15.

Read why Intel is still suffering from the manufacturing pangs for 7-nm chips on CNBC.

For more see : Intel Corporation.