Core Viewpoint - Intel's new CEO, Pat Gelsinger, is planning a significant strategic shift in the contract manufacturing business, focusing on advanced process technologies to secure major customer orders, contrasting sharply with the previous CEO's approach [1][2] Group 1: Strategic Adjustments - The new strategy may expose Intel to billions in asset write-down risks due to challenges in promoting the 18A process technology, which has faced market resistance [1] - Since taking over in March, the new CEO has initiated multiple cost-cutting measures, with a consensus forming by June that the heavy investment in the 18A process may not yield expected returns [1][2] - Intel is shifting its focus to the more advanced 14A process, which is seen as a potential competitor to TSMC's current offerings, and is preparing to approach major clients like Apple and Nvidia [2] Group 2: Financial Implications - Intel is projected to incur a net loss of $18.8 billion in 2024, marking a significant financial downturn for the company, which has already experienced its first annual loss since 1986 [2] - The company has committed to producing specific 18A process chips for Amazon and Microsoft, indicating that some orders will remain unaffected by the strategic changes [3] Group 3: Internal Decision-Making - The board is currently deliberating on whether to completely abandon the external sales of the 18A process, with a decision expected to be submitted for review soon [2] - The management team is focused on strengthening the roadmap, rebuilding customer trust, and improving financial performance, indicating a proactive approach to the challenges faced [2]