Feng Huang Wang·2025-09-04 23:23Core Insights - Intel has indicated that 2026 will be a crucial year for its manufacturing technology, determining its readiness to advance to the 14A process, which is seen as key to regaining its technological leadership [1] - CFO Dave Zinsner emphasized that Intel will only build manufacturing capacity for the 14A process if there is external customer commitment to use it, highlighting a financially prudent approach [1] - Concerns arose among analysts and investors regarding Intel's commitment to the 14A process, as failure to advance could signify a retreat from its goal of regaining technological leadership [1] Group 1 - Intel is open to external investment in its manufacturing business, but current agreements with the Trump administration require the company to maintain control, limiting short-term investment opportunities [2] - Zinsner noted that while external investment is not impossible, it is unlikely in the short term due to the current lack of investment value in that segment [2] - The government's stake in Intel is considered a passive investment, with voting aligned to the board's recommendations, contingent on Intel's commitment to its manufacturing business [2]