Intel Secures Tesla Partnership for Next-Generation 14A Process
Apr 24, 2026 (7 hr ago)
Positive
Intel has confirmed a strategic partnership with Tesla to utilize its advanced 14A manufacturing process for the automaker's upcoming 'Terafab' artificial intelligence facility.
Tesla 14A Manufacturing Partnership
Strong First Quarter Financial Performance
- Intel reported Q1 revenue of $13.58 billion, a 7% increase year-over-year, driven by strong demand for silicon and disciplined supply expansion.1, 3
- The company achieved non-GAAP earnings of $0.29 per share, significantly outperforming consensus estimates.1, 2, 3
- Intel generated $1.1 billion in cash from operations during the first quarter of 2026.3
Segment Growth and Strategic Outlook
- Data Center and AI (DCAI) revenue grew 22% to $5.1 billion, while Intel Foundry revenue increased by 16% to $5.4 billion.3
- CEO Lip-Bu Tan emphasized that the shift toward agentic AI models is driving increased demand for Intel’s CPUs and advanced packaging offerings.1, 3
- Management provided Q2 revenue guidance of $13.8 billion to $14.8 billion, reflecting continued operational momentum and demand for advanced computing solutions.1, 3
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Meta plans to cut about 8K jobs amid ramped-up AI spending
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