Intel's CEO, Lip - Bu Tan, disclosed that the company has successfully onboarded a new chief architect. This hire is set to spearhead the research and development efforts, specifically focusing on the strategic positioning of graphics processing units (GPUs). Intel has invested significant resources and made extensive efforts in this area.

Over the past year, Intel's stock price has witnessed a steady uptick. This growth can be attributed to the rising investor confidence in Intel's foundry business. At present, Intel's foundry division is actively engaged in in - depth discussions with several clients. There are strong indications that mass production could gain momentum later this year.

Earlier this month, although Intel's quarterly performance surpassed market expectations, it was not without challenges. Production failures and supply chain disruptions had a more pronounced impact. Consequently, investors are keeping a close eye and waiting for confirmation regarding the company's core benchmark clients.

Last year proved to be a pivotal year for Intel, as it secured substantial investments from the U.S. government, SoftBank, and Nvidia. These investments are a testament to the market's confidence in Intel's long - term potential.

Tan also pointed out that the artificial intelligence data center sector has experienced a surge in demand. This has led to a shortage of storage chips, causing prices to soar. Alarmingly, this shortage is projected to persist until at least 2028.