# Episode 51: Intel Earnings and Foundry Trends

- Show: [The Circuit](https://hardwarepodcasts.com/podcast/the-circuit)
- Published: 2024-01-29
- Length: 37m
- Episode: 53
- Page: https://hardwarepodcasts.com/podcast/the-circuit/2024-01-29-episode-51-intel-earnings-and-foundry-trends
- Listen: https://share.transistor.fm/s/c744501f

## Summary

Hosts Ben Bajarin and Jay Goldberg analyze Intel's Q4 2023 earnings and abysmal Q1 guidance, highlighting the company's struggle to regain investor confidence amid strong competition from Nvidia in the data center. They discuss Intel's strategic partnership with UMC to expand trailing-edge capacity and the potential for specialized 'mid-edge' processes, while noting the challenges of modeling FPGA businesses like PSG and Mobileye. The conversation concludes with Intel's three-part turnaround plan: fixing manufacturing, creating marketable products, and making Intel Foundry Services (IFS) profitable.

## Outline

1. Introduction and Intel Q4 Earnings Overview
2. Q1 Guidance Miss and Client Group Concerns
3. Data Center Challenges and Nvidia Competition
4. FPGA Modeling Difficulties and PSG/Mobileye Spin-offs
5. Intel-UMC Partnership and Trailing Edge Strategy
6. Intel's Three-Part Turnaround Plan and IFS Outlook

## Topics

- [Chips, FPGAs & semiconductors](https://hardwarepodcasts.com/topic/chips-and-fpgas)
- [Manufacturing partners & offshoring](https://hardwarepodcasts.com/topic/manufacturing-partners)
- [Growth, exits & acquisitions](https://hardwarepodcasts.com/topic/growth-exits-and-acquisitions)
- [Pricing, margins & unit economics](https://hardwarepodcasts.com/topic/pricing-and-unit-economics)

## Most relevant to

large enterprises

## Mentioned

- Intel (company)
- UMC (company)
- Nvidia (company)
- AMD (company)
- PSG (company)
- Mobileye (company)
- Lattice (company)
- TSMC (company)
- GlobalFoundries (company)
- Tower Semiconductor (company)
- Altera (company)
- Xilinx (company)
- Meteor Lake (product)
- 28 nanometer (other)
- 20A (other)
- 18A (other)

## Related episodes from other shows

- [Headline: Intel Throws a Curveball | The Book on Gallium Nitride](https://hardwarepodcasts.com/podcast/ee-times-current/2021-03-26-headline-intel-throws-a-curveball-the-book-on-gallium-nitride) (EE Times Current)
- [Intel on Getting Its Mojo Back](https://hardwarepodcasts.com/podcast/ee-times-current/2021-07-30-intel-on-getting-its-mojo-back) (EE Times Current)
- [Lip-Bu Tan's Intel](https://hardwarepodcasts.com/podcast/oxide-and-friends/2025-03-21-lip-bu-tans-intel) (Oxide and Friends)
- [Season 5 of Moore's Lobby is Coming Soon](https://hardwarepodcasts.com/podcast/moores-lobby/2022-09-06-season-5-of-moores-lobby-is-coming-soon) (Moore's Lobby)
- [Bonkers Birthday Badinage](https://hardwarepodcasts.com/podcast/the-amp-hour/2012-06-18-bonkers-birthday-badinage) (The Amp Hour)

## Citing this page

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