INTC 3Q25 CC: "on 14A, we’re off to a great start"
"not sure yields in older nodes has been a big focus of ours, quite honestly"
Blayne Curtis: Yes. Just I wanted to follow up on the gross margin trajectory as 18A layers in. I know comparing it to probably the prior couple nodes, not a great compare but maybe to a successful one. When you say yields are in a good spot and improving, is there a way to think about where those 18A yields are versus the successful product that you’ve seen in your history and kind of think about how that layers in, in the first half?
David Zinsner: Yes. I would say, in general, I don’t — I’m not sure yields in older nodes has been a big focus of ours, quite honestly. So we’re blazing new trail on this. Yields are — what I would say, the yields are adequate to address the supply, but they are not where we need them to be in order to drive the appropriate level of margins. And by the end of next year, we’ll probably be in that space. And certainly, the year after that, I think they’ll be in what would be kind of an industry acceptable level on the yields. I would tell you, on 14A, we’re off to a great start. And if you look at 14A in terms of its maturity relative to 18A at that same point of maturity, we’re better in terms of performance and yield. So we’re off to an even better start on 14A. We just got to kind of continue that progress. |
