The tech industry's reaction to AI model DeepSeek R1 has been wild. Pat Gelsinger, for instance, is elated and thinks it will make AI better for everyone.

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Retired Intel CEO Pat Gelsinger said "the markets are getting it wrong" Monday after investors triggered a sell-off in response to China's DeepSeek.

Intel Corp. reported better-than-projected fourth-quarter revenue, while the semiconductor maker cautioned that its push to become more competitive is still a work in progress.

Shares of Intel Corp. (INTC) were in focus on Wednesday ahead of the chipmaker’s fourth quarter results, which are scheduled for Thursday after the bell. Intel's stock price fell nearly 0.2% during mid-day trade.

Pat Gelsinger, who retired from Intel last year, said that if he were still leading the company, he would be open to working with DeepSeek.

DeepSeek’s achievement is a big step forward in the world-changing advances of technology, regardless of who wins or loses

Amid talk of "splits, saviors, and deals," Intel will deliver its first earnings report since Pat Gelsinger left as CEO.

Following the debut of the Intel Panther Lake chip later in 2025, Intel will launch Nova Lake to begin shipping in 2026.

Intel reported a decline in sales and a net loss in the fourth quarter as the US chipmaker attempted a turnaround after turmoil that led to the ousting of chief executive Pat Gelsinger last year. The Silicon Valley group said its revenues fell 7 per cent year on year in the fourth quarter to $14.3 billion (€13.75 billion).

Intel Corporation's Q4 earnings report and its plans for 18A release in 2H2025, seeing opportunity with TSMC's N2 node delay. Click for our INTC update.