Intel CFO says CEO Lip-Bu Tan is big on balance sheet discipline as U.S. and Nvidia funding accelerate turnaround

Core Insights - Intel is undergoing a significant turnaround under new CEO Lip-Bu Tan, focusing on artificial intelligence computing and supported by government and private investments [1][2] Financial Performance - Intel reported Q3 2025 revenue of $13.7 billion, a 3% increase year-over-year, and non-GAAP earnings per share of $0.23, exceeding analyst expectations [3] - The company guided Q4 2025 revenue between $12.8 billion and $13.8 billion, aligning with consensus estimates [3] Major Investments - Intel secured $8.9 billion in funding from the U.S. government by transferring 9.9% of its stock, raising concerns about state intervention in private industry [4] - Nvidia agreed to invest $5 billion in Intel, leading to a partnership for producing a new generation of chips that leverage both companies' technologies [5] Strategic Focus - Intel is prioritizing debt reduction, having eliminated $4.3 billion of debt in the latest quarter, and plans to maintain disciplined capital expenditures [7] - The company is also restructuring, with plans to cut approximately 21,000 to 25,000 positions (15%-25% of its core workforce) while continuing to hire in strategic growth areas like AI [9] Industry Implications - Intel's recovery is deemed crucial not only for its stakeholders but also for national security, highlighting its importance in the broader tech ecosystem [10]