CLAIM #32190 · Intel Corporation (INTC) · 2025Q2 earnings call · Jul 24, 2025 · due Dec 31, 2026
“That said, we are going to want to continue to have optionality on fab white space. And that's while we are slowing down Ohio, we're not stopping Ohio. So we're going to continue to make investments, and there will be assets under construction or construction in progress on our balance sheet to make sure we have flexibility as the demand drivers change.”
David Zinsner · CFO
How to check this claim
Look at: Construction in progress / assets under construction balance (as disclosed on balance sheet or capex commentary)
It came true if: Balance continues to decline from the 'mid- to high 30s' billion range reported as of Q2 2025, with further reduction disclosed by end of fiscal 2026
Where: Company balance sheet (10-K/10-Q) or management commentary on quarterly earnings calls
In context
“epreciating that at some point? David A. Zinsner: Yes, there was a big chunk of it that was Arizona actually, and we actually flipped that at the beginning of this quarter. So that's obviously already ramping on 18A. So we actually saw it come in. I think it was north of $50 billion at the end of 2Q, $50 billion. And I think we're at this point now down into the kind of mid- to high 30s. So we've made a significant move in the right direction. Construction in progress or assets under construction is a mix of equipment and buildings. And so the other thing that we're doing is trying to use more of that. And so that will also bring the number down. So we should have a steady improvement in that number through the rest of this year, and the goal is to kind of drive it down further next year. That said, we are going to want to continue to have optionality on fab white space. And that's while we are slowing down Ohio, we're not stopping Ohio. So we're going to continue to make investments, and there will be assets under construction or construction in progress on our balance sheet to make sure we have flexibility as the demand drivers change. Operator: Our next question comes from the line of Benjamin Reitzes from Melius. Benjamin Alexander Reitzes: I wanted to ask about servers. I may have missed it, but what's the trend you're expecting into the third quarter? And what are your thoughts about share losses there and when perhaps those dissipate a bit into the following year? David A. Zinsner: Okay. So I'll take it. We're not giving out the guidance by business unit. We're roughly up a little bit. We'll have to see how things play out between servers and CPUs. As far as share goes, obviously, we're not where we want to be in terms of a competitive portfolio, and that's what Lip-Bu is really focused on improving. That said, Granite Rapids is a better part. Diamond Rapids, the next part will be a better part. So we think we cont”
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SEC filings for INTC ↗ · Claim quote is verbatim from the 2025Q2 earnings call.