Intel Corporation (INTC) UBS Global Technology and AI Conference (Transcript)

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Intel Corporation (NASDAQ:INTC) UBS Global Technology and AI Conference December 4, 2024 3:35 PM ET

Company Participants

David Zinsner – Executive Vice President and Chief Financial Officer
Naga Chandrasekaran – Executive Vice President and Chief Global Operations Officer

Conference Call Participants

Tim Arcuri – UBS

Tim Arcuri

Okay, we’re going to get started. Thank you for being here. I’m Tim Arcuri. I’m the semiconductor analyst here at UBS and very pleased to have Intel. We have Dave Zinsner, who is the CFO and the Interim Co-CEO and we have Naga Chandrasekaran, who is the Chief of Global — he is the Chief Global Operations Officer and the EVP and GM of Intel Foundry Manufacturing and supply chain. So, thank you to both Dave and Naga.

David Zinsner

Yes, thanks for having us.

Question-and-Answer Session

Q – Tim Arcuri

So I have to read a safe harbor for Intel before we start. Before we begin, please note that today’s discussions may contain forward-looking statements that are subject to various risks and uncertainties and may reference non-GAAP financial measures. Please refer to Intel’s most recent earnings release and annual report on Form 10-K and other filings with the SEC for more information on the risk factors that could cause actual results to differ materially and additional information on their non-GAAP financial measures, including reconciliations where appropriate to the corresponding GAAP financial measures.

Okay. With that out of the way, well, it’s been an interesting few days. So, Dave, let me start with you. Big announcement, yet there wasn’t a — there wasn’t a financial update in the announcement, you’re two-thirds of the way through the quarter. Wondering if there was anything you wanted to say about that and yes, just…

David Zinsner

Yes. No, I mean we typically don’t provide updates and we still

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