Pat Gelsinger, the newly appointed CEO of Intel, is orchestrating a pivotal strategic realignment for the company's chip foundry segment. He has opted to halt the promotion of the 18A process technology and redirect all resources towards the advancement of the 14A process. This move marks a departure from the IDM 2.0 expansion blueprint pursued by his predecessor, Bob Swan, and may necessitate asset write-downs amounting to billions of dollars. Initially, Intel envisioned mass production of the 18A process by the end of 2025, but customer reception has been lukewarm due to challenges with technology maturity, yield rates, and costs. Consequently, the 18A process will now be confined to internal products, notably the "Panther Lake" laptop chip. Intel harbors high aspirations for the 14A process, positioning it as a technological leapfrog over TSMC's N2 node, with mass production targeted for 2027. Concurrently, Intel is embarked on a restructuring journey, involving layoffs and organizational streamlining, aimed at transforming its corporate culture and enhancing operational efficiency. Nevertheless, its foundry business continues to incur losses and is unlikely to achieve profitability in the near term.