During a virtual presentation on March 23, 2021, Intel CEO Pat Gelsinger outlined the company’s path forward to manufacture, design and deliver leadership products and create long-term value for stakeholders. During the “Intel Unleashed: Engineering the Future” webcast, Gelsinger shared his vision for “IDM 2.0,” a major evolution of Intel’s integrated device manufacturing model. Gelsinger announced significant manufacturing expansion plans, starting with an estimated $20 billion investment to build two new factories in Arizona. He also announced Intel’s plans to become a major provider of foundry capacity in the U.S. and Europe to serve customers globally.
- News Release: Intel CEO Pat Gelsinger Announces ‘IDM 2.0’ Strategy for Manufacturing, Innovation and Product Leadership
- Event Replay: Intel Unleashed: Engineering the Future
- CEO Quotes: Key Comments from Intel CEO Pat Gelsinger
- Financial Outlook: Intel Provides Financial Update and Full-year Business Outlook
- Fact Sheet: Intel Foundry Services
- Blog: Intel’s Commitment to U.S. Innovation and Supply Chain Security (Jeff Rittener, Chief Government Affairs Officer)
- Blog: Intel Shares Europe’s 2030 Digital Ambition (Eamonn Sinnott, Intel Ireland General Manager)
- Fact Sheet: Intel Announces $20 Billion Investment for Two New Arizona Fabs
Intel Unleashed: Engineering the Future (B-Roll)
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Watch video: "Intel Announces Major Expansion in Arizona (Event Replay)"
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Forward-Looking Statements: Statements in these materials that refer to future plans and expectations, including with respect to Intel’s strategy, internal and external manufacturing plans, manufacturing expansion and investment plans including Intel’s anticipated Arizona expansion, plans and goals related to Intel’s foundry business, future products and technology, and Intel’s planned research collaboration with IBM, are forward-looking statements that involve a number of risks and uncertainties. Words such as “anticipates,” “expects,” “intends,” “goals,” “plans,” “believes,” “seeks,” “estimates,” “continues,” “may,” “will,” “would,” “should,” “could,” “strategy,” “progress,” “path,” “vision,” “course,” “formula,” “accelerate,” and “committed” and variations of such words and similar expressions are intended to identify such forward-looking statements. Statements that refer to or are based on estimates, forecasts, projections, and uncertain events or assumptions, including statements relating to the benefits of Intel’s strategy; the availability and benefits of future products and technology, including with respect to Intel’s 7nm and future manufacturing processes, packaging technology, and 2023 products; manufacturing and design goals and progress; future internal manufacturing volumes; external foundry usage and related benefits; future manufacturing capacity including with respect to Intel’s foundry business; investment returns and benefits; government incentives; the nature, timing, and benefits of Intel’s manufacturing expansion, including its Arizona expansion; benefits related to Intel’s foundry business; foundry service offerings, including IP offerings; benefits related to Intel’s planned research collaboration with IBM; supply expectations; market opportunity; anticipated trends in Intel’s businesses or the markets relevant to them; and future announcements also identify forward-looking statements. Such statements are based on management’s expectations as of March 23, 2021 and involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward-looking statements. Important factors that could cause actual results to differ materially from the company’s expectations include, among others, the factors set forth in Intel’s press releases dated March 23, 2021, which are included as exhibits to Intel’s Form 8-K furnished to the SEC on such date, and Intel’s SEC filings, including the company’s most recent report on Form 10-K. Copies of these press releases and Intel’s SEC filings may be obtained by visiting Intel’s Investor Relations website at www.intc.com or the SEC’s website at www.sec.gov. Intel does not undertake, and expressly disclaims any duty, to update any statement made in these materials, whether as a result of new information, new developments or otherwise, except to the extent that disclosure may be required by law.