At yesterday's Intel earnings call, Intel CEO Pat Gelsinger publicly stated that the chip manufacturing industry needs more integration. Gelsinger said:
We just believe that smaller companies cannot keep up with the pace of industry development, and the situation of chip manufacturers who lack leading processes will become more difficult.
Wall Street has previously mentioned that Intel is negotiating to buy Global Foundry, the world’s fourth largest foundry, with a valuation of 30 billion. In March of this year, Intel’s new CEO Pat Gelsinge (Pat Gelsinge) said that he would aggressively enter the field of chip manufacturing and announced that it would spend 20 billion US dollars to build two new chip factories in Arizona to establish a foundry business and manufacturing. ARM technology chip.
Intel is planning to focus on the design and manufacturing of chips. In October last year, Intel sold its flash memory chip business to the South Korean company SK Hynix for US$9 billion.
"We did not say that mergers and acquisitions are important, but we will not rule out this option," Gelsinger said about the purchase of GlobalFoundries.
In addition, regarding the issue of "core shortage", Gelsinger believes that global semiconductor supply pressure will reach its peak this summer, and the industry's overall core shortage situation may take two years, that is, it will not be fully resolved until 2023.
Yesterday, Intel announced the second quarter financial report for the 2021 fiscal year. The report showed that both its revenue and profit in the second quarter increased year-on-year, and its gross profit margin was also better than expected.