Intel CEO Pat Gelsinger on Latest Earnings, Softbank COO Marcelo Claure’s Plans to Step Down & Pershing Square’s Massive Netflix Investment

TechCheck

CNBC

Disruptors, Cnbc, Investing, Tech, Management, Business, Technology, Faang

4.5 • 66 Ratings

🗓️ 27 January 2022

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors start today’s show joined by Intel CEO Pat Gelsinger in a first-on interview after the chipmaker posted earnings yesterday. Then, CNBC’s Andrew Ross Sorkin reports on Softbank COO Marcelo Claure’s plans to step down, and CNBC’s Mike Santoli breaks down the tech stock rally and the volatility hitting the sector. Next, Guggenheim Managing Director of Automotive Research Ali Faghri discusses Tesla’s latest quarterly results, and Bank of America analyst Wamsi Mohan previews Apple’s earnings before the tech giant reports after the bell. Our Julia Boorstin also covers investor Bill Ackman’s hedge fund Pershing Square buying more than 3.1 million shares of Netflix. Later, CNBC’s Yasmin Khorram recaps comments from her exclusive interview on big tech regulation with California Governor Gavin Newsom. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	I'm Julia Borsden, and you're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern, listen in.
0:08.0	Good Thursday morning. Welcome to Tech Check. I'm Carl Ktonia with John Ford and Deerbosa.
0:12.2	Today, the chips get hit. We're going to break down some key results across the sector before talking to Intel's CEO, Pat Gell Singer.
0:20.0	Then, deja vu all over again, the NASDAQ rallying after
0:22.8	just barely recouping yesterday's losses. A breakdown of the latest action as the Fed looks to
0:27.7	possibly raise rates in soon. And then finally, Netflix and Bill. Bill Ackman announcing a holding
0:33.3	in the company, given that shares have been cut in half, just what exactly could he push for?
0:38.2	We're going to discuss, Dee.
0:39.9	All of that.
0:40.7	First, though, it has been a morning for the chips.
0:43.0	Intel Lamb Research, Samsung, all in the move after reporting results that were mixed across the industry.
0:47.9	Intel's margins down last quarter.
0:49.5	As the company ramped up spending across a slew of new products and facilities, sales were up 3% from a year earlier.
0:56.3	That stock lower by nearly 7%.
0:58.4	CEO Pat Gelsinger, who we will speak to in just a moment, noted that supply chain constraints continue to have an impact.
1:04.9	Supply chain also a theme hurting Lamb researchers' stock this morning is they guide lower than expected due to, quote,
1:11.2	worsen supply chain conditions.
1:13.0	That stock is down 5%.
1:14.9	John, we're in a chip shortage environment.
1:17.2	We can't lose sight of that fact.
1:19.0	And some semis are able to hike prices.
1:21.5	I wonder, does Intel's results suggest that it cannot at a time when it's going to be spending billions and billions to get
	...

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