Intel had previously reported earnings for its fourth quarter earlier today. The company noted a strong quarter and a record year in the report, while promising an update on its 7nm process as well. According to a TomsHardware report, the well-known chip maker stated that it apparently fixed its 7nm process but still plans to outsource some plans. Intel is planning to contract out some of its leading edge products for production. We had previously reported on team blue outsourcing TSMC, the world’s largest contract chipmaker, to manufacture its Core i3 processors. In addition, Pat Gelsinger, Intel’s upcoming CEO, added that he has personally reviewed the progress of the updated 7nm process.
The senior executive said that he was pleased with the “7nm program’s health and recovery.” He also added that for some of its products, Intel will use external foundries. The forthcoming CEO is also confident that most of the 2023 CPU products of the company will be mostly from its own factories. At a later date, after Gelsinger takes the lead in February 2021, further production plans will be unveiled.
In its mobile chips that are found in laptops, Intel has also noted great performance. In the fourth quarter of last year, the company’s PC business saw a significant rise of 33 percent year on year, thanks to affordable notebooks. During this time, the average price of notebooks dropped by 15% further helped boost sales of laptops with Intel chips. The sales bump was also backed by the pandemic that also made the new norm for remote working and online education.