Signs Intel’s Foundry is Heating Up

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The Motley Fool

Business, Investing

4.3 • 3.1K Ratings

🗓️ 17 September 2024

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Intel investors have been looking for signs of life with its foundry business – a couple billion dollars in deals and its new independent subsidiary status might help. (00:21) Tim Beyers and Dylan Lewis discuss: - Intel’s three focuses for turning it around: its Foundry business, AI strategy, and cost structure. - The real reason Amazon might be pushing workers to return to office five days a week, and why Andy Jassy is looking to reduce bureaucracy. - Microsoft’s new buyback authorization and dividend hike and it marches on the path to being a Dividend Aristocrat. (18:20) Alison Southwick and Robert Brokamp look at how Gen X saves and how to catch up if you’re feeling behind. Join us at our live podcast recording in Denver with BiggerPockets on Wednesday, September 18: https://www.meetup.com/biggerpockets/events/303028272/ Companies discussed: INTC, TSMC, AMZN, MSFT Host: Dylan Lewis Guests: Tim Beyers, Robert Brokamp, Alison Southwick Producer: Mary Long Engineers: Tim Sparks, Dan Boyd Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Big Texan Focus in focus in a big way.
0:07.0	Motley Full Money starts now. I'm Dylan Lewis and I'm joined over the airwaves by
0:13.0	my analyst Tim Byers.
0:24.8	Tim, thanks for joining me today.
0:26.8	Thanks Dylan, fully caffeinated, ready to go, a lot to get to.
0:30.6	Yeah, a lot to get to.
0:32.2	Anytime I have you on the show, I always want to talk tech,
0:35.0	no shortage of tech stories for us here today.
0:38.0	We have an updated plan from Intel's CEO.
0:41.0	We have an update on Amazon's new work policy and we also have
0:45.3	some new ways that Microsoft is allocating capital, all that to dig through.
0:49.4	Why don't we kick off with what's going on with Intel, CEO Pat Gelsinger, penning a letter to employees after the recent board meeting and updating the path forward for the Beligored company.
1:01.0	Three main focuses here, Tim foundry business improving the cost
1:04.4	structure the business and the company's AI strategy where do you want to start
1:08.0	with this one? Well I think we have to focus on the collaboration with Amazon Web Services and in this letter
1:16.9	the Gelsinger wrote he said we have expanded our strategic collaboration with
1:21.4	Amazon Web Services and it includes a
1:24.3	co-investment and custom chip designs. There's a multi-year multi-billion dollar
1:29.2	framework covering product and wafers from Intel.
1:32.5	So in other words, Intel wants to be a manufacturer of record
1:38.3	for the custom chips at AWS wants to build for its AI business. I find this fascinating and here's the
1:45.2	piece that I think is is really interesting so Intel Foundry so this is the
	...

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