Look, I think ultimately if this didn't
happen, strategic breakup was basically
a done deal. And and I think US
government recognized, not necessarily
national security, but like they needed
to revive Intel. Clearly unorthodox in
terms of the structure, but for Intel, I
mean, it's a little Cinderella story at
least that's happening here, you know,
based on a lot of dark days we've seen
the last few years.
And Lisa, you may not be aware, but the
preseason rankings for college football
have come out and Penn State is number
two. That's the highest I can remember.
Okay.
>> And I've been following these dudes for
a long time since I was a kid. Hey Dan,
how do investors feel about
>> the US government taking a direct equity
investment in a company? What have you
heard from some of Intel's shareholders?
>> Look, I mean, obviously it's a
headscratcher. Well, if you're an Intel
shareholder, you're popping the
champagne, right? I mean, because this
is something came out of left field and
obviously the soft bank as well. But
look, it it does it crosses into a a
gray zone, right? I mean, a sort of line
in the sand. Like Lisa was saying, does
it end here? Is there more like this?
And I think that's the issue is that
like as government gets more into
especially when it comes to chips and
AI, you there's a lot of unintended
consequences and I think that's some of
the worry. And then we have SoftBank um
buy in. So I guess the thinking behind
this is there's a potential for a
turnaround at Intel. I mean do you see
that?
>> I mean look I think there's a better
chance of me playing Beth Paige RDER Cup
in September
than than a turnaround intel. Now again
like I'm not saying like you definitely
have clearly like they're a lot better
today than they were 24 hours ago. But
look, this is an evers like uphill
climb. I mean, Intel has run like motor
vehicle and that's a big problem.
>> Secretary Lutnik was on uh another
network today saying that we need to
bring more chip manufacturing back to
the US. That's been a theme of President
uh Trump as well. Um how do you think
about it? How how is how should the US
proceed here, do you think?
Look, I mean, they're trying to lay the
groundwork and obviously you've seen
investments, but the reality is it's
going to be really more around AI
and it's going to be about a lot more of
like what I'll call nextgen
technologies. The reality is as I've
said to produce chips in the US and the
supply chain moving over from Asia to
the US I view is it's almost an
impossibility
relative to cost structure taking four
to five years to build a factory you
know and then just the reality of the IP
that's really based in Asia. So, well,
they have great talking points and
they're moving the needle, but the
reality is, like I've said, like that is
that's going to be
I'll call it four to five years before
you see any sort of real movement there.
>> Hey, Dan, I got to take you back to that
that 10% stake. Can you explain how
exactly it's going to be funded?
Look, that's I mean you could go back to
maybe some of those like Fanny Freddy
like you know day is like like odd
structures government almost like a you
know in terms of how they're going to
actually get paid back what the
ownership is debt equity
look and I think the devil's in the
details right in terms of you know do do
you have a board seat are you a board
observer I mean I think that's those are
some of the sort of questions that need
to get asked
But it all comes down to like I think it
delays a breakup, but I still believe
the end result for Intel is going to be
strategic breakup.
>> So Dan, what's the next big thing that
we're going to be talking to you about
in the coming weeks, do you think? Is it
an earnings release? Is it a is it a new
product launch? What should we be paying
attention to in your world of
technology?
>> I think we'll be talking next Thursday
morning, you I mean like you know
obviously godfather of AI Jensen and
Vidy like when they were poor look I
think to me you know Bo we've talked
about on the show you know obviously the
last few weeks like you look at earning
season now it's a validation moment for
tech validation for AI and you and I
think now it comes down to with Nvidia
reporting like okay what like what is
demand supply we think demand supply is
10 to 12 to1
and I think that is going to be the next
data point that ultimately I think puts
fuel in this rally that I believe tech
stocks rally hard into year end despite
some you know whether it's Fed
geopolitical and other sort of headline
risk or news.
>> Hey Dan, can can Intel catch up to let's
say Taiwan semiconductor manufacturing
contract chipm um Nvidia and chip
design? You know, they miss out on this
boom in spending in in artificial
intelligence.
I mean, it's like me playing going to
Rocker Park and playing in a pickup game
with an NBA player. It's just not Look,
they've missed they've missed the
window. I'm not saying like you can't
have some small victories, but I mean
that's the shame of the thing. Like
they've missed it. Now look, I can't you
have a big install base. You could have
some wins here and there, but you look
where TSMC, you look in Nvidia, you look
what Broadcom's done, you look at
obviously what Lisa Sue and AMD has
done. I think that's part of the problem
with Intel. Look, I mean, US government,
Soft Bank, others will get involved, but
they have to stop running it like like
motor vehicle.