Intel

“And then also for enterprise space, you know, if you look at Google, Facebook, Intel, all of these were startup at some day in the Valley. So the risk taking capacity of the enterprises or the customers, early adopter customers is also high. So that's where it…”

“And my contrarian take is that it wouldn't be that bad. Supply would take a shock for sure, but The best processes that we have in the West, like Intel, not that far behind, at worst, like maybe two X worst performance per watt. And the gap is just far smaller…”

“The scarcity is what ultimately saved Intel. And I expect at some point in the year that they're going to announce like some major partner for the first time. It's going to be a big deal, but it was ultimately TSMC brought it on themselves.”

“The way to solve the geopolitical problem of Dependence on TSMC is to come up with a compute use case that is so massive that everyone is economically incentivized to bring other people up to speed. And then we get the sort of geopolitical insurance for free.”

“Intel is part of the TerraFab consortium in such a way, and I just saw it today. I did not know this. Intel completed an equity round, which I read someone, I haven't verified it. It was the first time they raised equity since, like, they went public in seven …”

“So in order for the government stake to reach 10% demanded by President Donald Trump, Intel had to convert billions in manufacturing grants advanced under the 2022 CHIPS Act, plus 3.2 billion dollars of contracts from the Department of Defense into equity.”

“Since Washington stepped in, as you know, Jordy Intel has pulled five billion of investment from NVIDIA, two billion from Japan's SoftBank, and its shares have more than quadrupled, trouncing those of rivals.”

“And additionally, VLM also work closely with all the hardware vendors. So that means across like NVIDIA, AMD, Google, and Amazon, Intel, and a lot more, their newest chip will make sure VLM can run on them. And then a lot of cases they use VLM as a benchmark t…”

“In the five years five, six years before I came back, you know, Intel gave a hundred billion dollars to shareholders.”

“It hadn't built a new factory in a decade when I got there.”

“Fundamentally this is a technology business and you need technologists running technology”

“And I remember that Steve said, I've been working on that the last four releases. He had been preparing the core technologies inside of Apple For something that might happen in the future, you know, and he was already, you know, to me, I just remember, I was j…”

“In my first departure from Intel, the project was killed a week after I left. And the world would have been so much different.”

“Five to one, and now it's more like seven to one in terms of wafers, you know, to TSMC to Intel.”

“This was the Intel fab 52, which is their most advanced fab. It's a two nanometer fab, and it is on the level of what TSMC does in terms of two nanometer, but of course, at a fraction of the scale of what TSMC does.”

“Intel's the big one where post-government stake, I think the stock is up 200 or 400%, something like that.”

“This was the Intel fab 52, which is their most advanced fab. It's a two nanometer fab, and it is on the level of what TSMC does in terms of two nanometer, but of course, at a fraction of the scale of what TSMC does.”

“Well, the most surprising that I don't learn from my previous job or even training is one day early morning, President Trump asking me to resign and a conflict of interest, and there's no exceptions.”

“And also the other part, from day one, I decided all the engineers report to me.”

“Secondly, very happy that Jensen Huang, my old time friend, he also put five billion in investing and support me. And I'm glad I at least do some good work. It's five billion become twenty five billion now and or more.”

“Right now, the authentic AI and inference, CPU become, you know, highly in demand. And so, you know, versus one to eight in the training CPU to GPU, now I can see one to four, maybe one to one, and I'm delighted CPU become important.”

“By the way, all the recruitment, I do it myself. No search firm helping.”

“And then the most advanced process, like for example, we have the, you know, the is like 1.4 nanometer. And we are already starting to plan for one nanometer and 0.7 nanometer.”

“So I think I can see, you know, right now we have A and then now going to production of A, I can see 10 and seven. And so I think that path, I think we can get there, but couldn't it be more and more expensive and more difficult to do?”

“And the Foundry side, we are very distant from TSMC. And then in terms of their performance, so that's we have to be humble looking at building the building block, like I mentioned earlier, the IP, the yield, the defect density, and the cycle time to make it m…”

“So those are the things will take longer time, but I think by 32,032, 31, 32, I think I was starting to surface up.”

“So it's hard to do that at Intel because the base is bigger. So I kind of said, okay, let's do it at 10 X, you know, and then, and five years, 10 years, we can Do Xx. I think it's a good return. Being a venture capital at heart. That's kind of my goal.”

“Agent loops, agent harnesses are all running on CPUs. The tokens are produced by the frontier models on GPUs, but whatever work, like, let's say like Claude generates a coding script that decides to download 500 files from different websites and then You know,…”

“American government owns 10% of Intel. Nvidia and SoftBank own five percent each.”

“Share changed when cell phone compute emerged, and Intel and AMD who had fabs and the best architects got zero share, and it all moved to ARM.”

“Intel made a large acquisition of two billion dollars. Then in the late nineties, acquired a company called DSPC from Israel. We all went to Israel, did due diligence, and with, and I was in that group, ah, and Intel never put the, ah, the mindshare into the m…”

“Apple came to Intel to build the iPhone chip. And Intel said no.”

“Intel ran a very large, very famous program called Larrabee and again, lost interest because they could not see the commercialization of that.”

“But if you think of the largest issuers of private investment grade, it's Intel, it's Air France, it's EDF, it's AT&T, it's Meta, it's BP Energy, and so on, and you're hearing lots of public companies.”

“One of Intel and Samsung, they're not going to stay disciplined. They will break, and then at some level that will force everyone else to break.”

“The Turfab, it's a SpaceX, I believe Tesla's involved as well joint venture to build the world's largest fab here in America, and I'm, I think they're going to be successful.”

“The reality is like if a company like Nvidia or AMD were to ever really, really use one of these other foundries, that foundry would get better really quickly.”

“They're using Intel's Wildcat Lake, which is the core series, 300 and arm based chips from Qualcomm and MediaTek. They're running an operating system that combines Android and Chrome OS.”

“If you think about every semiconductor company over the last four years in this heyday of AI, they're all up five, seven, 10 X. Like, it's still a laggard over any period beyond 12 months, and so, to me, there's still a lot of catch up for that company.”

“Developers are going to think, just like CPUs used to be like so Intel inside, and now nobody cares. I think models will become that.”

“We raised about 17 and a half million dollars from Intel and Hewlett Packard Enterprise.”

“We have Dell, AMD Intel CFO talked about, they're talking about three to five year locked, locked in supply contracts from hyperscalers.”

“We are currently in what seems like a little bit of a CPU crunch. Intel can't make CPUs fast enough.”

“It was for sure the most influential company from 1940 to 1980 and then probably after that, Intel.”

“And so Bob Noyce was 100% the Steve Jobs of his time.”

“So then, most recently, we, we've seen the Trump administration take you know, equity in certain companies. Right, so this is, like, Intel. This is MP Materials.”

“And Bob Noyce made the decision that we will sell to the government, but we're not going to design chips for the government. And the distinction there was you had guaranteed orders, which was great. The government would take your IP, and there was, and in his …”

“And so, you know, we sold too early. Sold to Intel too early.”

“If you're the leader in the industry, then the growth of the industry is dependent on you. Like you, it's up to you to expand the market. Like, nobody else is gonna do it.”

“We double the market cap. It's over two hundred billion.”

“First of all, Silicon Valley was founded on spite in the sense of if you look at, you know, Fairchild, if you look at Shockley, all those guys spun out the fair and did fair and Fairchild, which was a spite deal. And then they left Fairchild because they could…”

“When they did that, usually hardware had three separate radios for like, 2.4 gigahertz, five gigahertz and Bluetooth. When they moved, they were using what this thing called software defined radio, which is using two radios for all three of those things.”

“Taiwan Semi is not expanding capacity as fast as their customers want. And I think this is actually a pretty big, this, they're in the process of making a mistake just because, you know, you do have Intel and with these fabs, they're not as good and it's reall…”

“Patrick Helsinger, I think was also a good executive, and he put Intel on the only strategy that could result in success, and I actually think it's shameful that the Intel board fired him when they did it.”

“Intel has all these empty fabs, and eventually, Given the shortages we have of compute, those fabs are going to be filled.”

“Unless you innovate and stay ahead, not just be ahead, but stay ahead, you will be Intel.”

“NVIDIA's biggest competitor, it's not AMD, it's not Broadcom you know, it's certainly not Marvell. It's not Intel. It's Google. And more specifically, it is Google, because Google owns the TPU chip.”

“At the time he just said this, he's telling his company, we're gonna go kill Intel. At that time, Intel was 860 times larger than NVIDIA in terms of revenue.”

“But if we take a look at many of America's apex manufacturers, companies like Boeing making aviation, Intel making chips, Detroit and Tesla making vehicles, mostly that's been going downhill.”

“Fast forward to today, the company that's dominating everything is OpenAI. They're the Microsoft of today. They have the consumers. They have the eyeballs, right? They're building this new monopoly, and the equivalent of Intel is now Nvidia.”