Still, he and Intel executive Naga Chandrasekaran offered a vision for the company that included a more conservative approach to capital spending — something that had been a concern for investors during Gelsinger’s tenure.
Intel, fresh off the abrupt departure of CEO Pat Gelsinger, stuck with its current financial forecast during a presentation Wednesday while also saying it would keep a tight rein on capital spending.
“We stand by the guidance that we gave at earnings,” CFO and interim Co-CEO Dave Zinsner said during the UBS Global Technology and AI Conference on Wednesday. He also said that Intel’s “core strategy” remains intact.
