Intel sees mix of internal, foundry manufacturing in future, probes reports of quarterly results hack

Intel’s incoming chief executive sees a future where it will lean more heavily on outside factories

The company is investigating reports that financially sensitive information was stolen by a hacker before the release of its quarterly earnings

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Intel is likely to lean more heavily on outside factories for certain products in the future, its incoming chief executive says. Photo: Reuters

Published: 9:54am, 22 Jan 2021Updated: 9:54am, 22 Jan 2021

Pat Gelsinger, the incoming chief executive of Intel, said on Thursday that most of the company’s 2023 products will be made in the company’s factories but outlined a dual-track future in which Intel will lean more heavily on outside factories.

Intel also said on Thursday that it was investigating reports that a graphic in its quarterly earnings statement had been the object of unauthorised access before publication.

“Once we became aware of these reports, we made the decision to issue our earnings announcement a brief time before the originally scheduled release time,” said the US computer chips firm in a statement.

Shares rose 6.5 per cent during regular trade, when the results were released ahead of the close. After hours shares fell about 1.9 per cent.

Earlier on Thursday, the Financial Times had cited Intel’s chief financial officer as saying financially sensitive information was stolen by a hacker from its corporate website.

CFO George Davis said the leak was the result of an illicit action that had not involved any unintentional disclosure by the company itself, according to the report.

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