INTC 3Q25 CC: "shortage pretty much across our business... definitely tight on Intel 10 and 7"
Joseph Moore: I do, yes. Separately, the supply constraints in server CPUs and other CPUs, we see those in the market, I guess, but your growth was 5% sequentially, single-digit growth year-on-year. I guess where is the shortage coming from? Is there just better demand ahead that you’re not able to meet? Is it some of the transitions that you guys have managed? Just — and I certainly see that tightness in the marketplace, so I’m not arguing with that. I’m just curious where you see that shortage coming from and how it will get resolved.
David Zinsner: Yes. I mean, shortage is pretty much across our business, I would say. We are definitely tight on Intel 10 and 7. Obviously, we’re not looking to build more capacity there. And so as we get more demand, we’re constrained. In some ways, we’re living off of inventory. We’re also trying to kind of demand shape to get customers to other products. There’s also shortages even beyond our specific challenges on the foundry side. I think there’s widely reported substrate shortages for example. So obviously, I think the demand — there’s a lot of caution coming into the year, I think, across the board. And it looks like things are going to be stronger this year, and probably that continues well into next year. And I think everybody is trying to manage through it. |
