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Barclays Global Tech - Intel conference transcription

So with you two at the helm, versus when Pat, let me start Sure. All right, well, I think there'll be a few differences, and there'll be a few things that don't change, obviously, building world class products and a world class boundary. We're still highly invested in doing that, and those two things together will help differentiate us in the marketplace. Pat, clearly, Dave and I enjoyed working with Pat, and he left us in a better operational place. But I think Dave and I will both tell you that, as the CEO of Intel products, we're going to invest more in products be focused on making sure that we shore up those road maps, that we're more competitive in a lot of the growth markets than we have been historically, and that will then fill the fabs, right? So great products mean more wafers, which means better capacity in our fabs. As well. As we're laser focused, we've obviously made very large investments in our fab footprint, and we need a much better RO...

Pat is gone... now what?

Pat is no longer here, he has "gone" at the worst time. Maybe I am not the most knowledgeable in finance or lithography but I think I am good at analyzing data. To set some background. Pat arrives in 2021, February I think I remember, although he was appointed in January. He arrives in the middle of the 14++++++ disaster (7 generations if I'm not mistaken) and is forced to embrace the 10nm (Intel 7) which is obsolete by that date since TSMC already has N5 (Apple M1 N5 2020) and the N4 would not take long to arrive. The blow before he arrived from Apple left Intel seriously wounded in my opinion. Pat also finds himself with a debt of more than $35B. Wind in its sails. https://companiesmarketcap.com/intel/total-debt/ But there is also one of the largest interest rate hikes by the FED and ECB that will make it pay much more for its interests.    Despite all the investment it is going to make in 3 years it manages to contain the debt from 35B to 50B and stay afloat. ...