Intel Corporation to Host Investor Webinar on New Segment Reporting

Rhea-AI Summary

Intel Corporation announces an investor webinar to discuss the transition to its internal foundry reporting structure. CEO Pat Gelsinger and CFO David Zinsner will present the vision and financial framework for the Intel Foundry business, emphasizing transparency and accountability. The company plans to recast financials and introduce a new segment reporting structure aligned with the internal foundry model.

CEO Pat Gelsinger and CFO David Zinsner will discuss the Intel’s transition to its internal foundry reporting structure.

SANTA CLARA, Calif.--(BUSINESS WIRE)-- Intel Corporation today announced that it will hold an investor webinar at 1:30 p.m. PDT on April 2, 2024, to present the vision and financial framework for the Intel Foundry business, including the recast financials and new segment reporting structure aligned with its transition to an internal foundry model. Pat Gelsinger, Intel’s chief executive officer, and David Zinsner, executive vice president and chief financial officer, will present at the session.

The webinar will discuss the longer-term vision for the foundry business and the importance of establishing a foundry-like relationship between Intel Foundry, Intel's manufacturing organization, and Intel Products, its product business units, to drive greater transparency and accountability.

Intel’s systems foundry approach is designed for the AI era, offering full-stack optimization from the factory network to software. Intel Foundry and its ecosystem enable customers to innovate across the entire system, giving them everything they need to engineer and deliver solutions for the most demanding applications.

The company intends to file an 8-K with a recast of its historical financials into the new reporting structure prior to the investor webinar. Intel will report its results in the new reporting structure beginning with its first-quarter 2024 results.

A live webcast will be publicly accessible on Intel's Investor Relations website at intc.com. Associated materials and a webcast replay will also be available on the site.

About Intel

Intel (Nasdaq: INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. Inspired by Moore’s Law, we continuously work to advance the design and manufacturing of semiconductors to help address our customers’ greatest challenges. By embedding intelligence in the cloud, network, edge and every kind of computing device, we unleash the potential of data to transform business and society for the better. To learn more about Intel’s innovations, go to newsroom.intel.com and intel.com.

© Intel Corporation. Intel, the Intel logo and other Intel marks are trademarks of Intel Corporation or its subsidiaries. Other names and brands may be claimed as the property of others.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240306749845/en/

Kylie Altman

Investor Relations

1-916-356-0320

kylie.altman@intel.com

Sophie Won

Media Relations

1-408-653-0475

sophie.won@intel.com

Source: Intel Corporation

FAQ

What is the date and time of the investor webinar announced by Intel Corporation?

Intel Corporation will hold an investor webinar at 1:30 p.m. PDT on April 2, 2024.

Who will be presenting at the investor webinar regarding Intel's transition to its internal foundry reporting structure?

CEO Pat Gelsinger and CFO David Zinsner will present at the investor webinar.

What is the focus of the webinar regarding Intel's Foundry business?

The webinar will discuss the longer-term vision for the foundry business and the importance of establishing a foundry-like relationship between Intel Foundry, Intel's manufacturing organization, and Intel Products.

Where can the live webcast of the investor webinar be accessed?

The live webcast will be publicly accessible on Intel's Investor Relations website at intc.com.