The tech industry's reaction to AI model DeepSeek R1 has been wild. Pat Gelsinger, for instance, is elated and thinks it will make AI better for everyone.

Today on the earnings call, Intel co-CEO Michelle Johnston Holthaus didn’t commit to either keeping or spinning out the foundries, but hinted that “Intel Foundry will need to

Intel on Thursday posted December-quarter results that beat analysts' low expectations, while its forecast for current-quarter revenue missed estimates as the chipmaker grapples with tepid demand for its data center chips and as investors wait for a new CEO.

Gross margin, or the percentage of sales remaining after excluding the cost of production, was 39.2% in the fourth quarter and will be 33.8% in the current period. At its peak, Intel regularly reported gross margin of well above 60%. Nvidia’s is above 70%.

Pat Gelsinger, who retired from Intel last year, said that if he were still leading the company, he would be open to working with DeepSeek.

Retired Intel CEO Pat Gelsinger said "the markets are getting it wrong" Monday after investors triggered a sell-off in response to China's DeepSeek.

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Following the debut of the Intel Panther Lake chip later in 2025, Intel will launch Nova Lake to begin shipping in 2026.

Coming off one of the most difficult years in its history, Intel said it expects sales will fall by more than 6% in the first part of 2025. The company blamed an uncertain global economy, growing competition and weak demand from its core customers for its difficult outlook.

Intel said it no longer plans to sell its next-generation Falcon Shores AI accelerator chip that was due later this year so that it can focus on developing a “system-level solution at rack scale” with a successor chip it’s calling Jaguar Shores.

Intel's revenue declined for a third straight quarter, decreasing 7% from a year earlier, according to a statement. The company's net loss for the quarter totaled $126 million, or 3 cents per share, compared with net income of $2.67 billion, or 63 cents per share, in the same quarter a year ago.

Amid talk of "splits, saviors, and deals," Intel will deliver its first earnings report since Pat Gelsinger left as CEO.