Intel gives first look at next-gen chips, says Arizona fab is fully operational

Technological Advancement - Intel unveiled Panther Lake processor, built on the most advanced US manufacturing process [1] - This processor signifies Intel catching up to TSMC after years of lagging [1] - The new chips are faster and more efficient, already in production at Intel's Arizona factory [2] Market & Financial Performance - Intel's stock has surged 86% this year due to government backing, not product launches [3] - US took a 10% stake in Intel in August [3] - Investors are waiting for Intel to secure major customer contracts to validate its foundry business and compete with TSMC [5] Strategic Implications - Bringing chip production back from TSMC and improving profits by making chips in-house is crucial for Intel's turnaround [3] - Panther Lake demonstrates Intel's capability to produce competitive chips for its own use [4] - Real success depends on winning contracts from other chip makers for foundry business [5]