Intel is spending billions on manufacturing.
Intel is spending billions on manufacturing.
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Intel CTO Greg Lavender interview — Why chip maker is spending on both manufacturing and software

  • Posted byby Dean Takahashi
  • Updated
  • 16 min

Intel has been on a spending spree ever since Pat Gelsinger returned to the company as CEO earlier this year. He pledged to spend $20 billion on U.S. factories and another $95 billion in Europe. Those expenses are scary to investors as they could take a toll on the chip giant’s bottom line, but Gelsinger said he hopes they will pay off over four or five years.

And Intel is making investments in other ways too. In June, Gelsinger brought aboard Greg Lavender, formerly of VMware, as chief technology officer and senior vice president and general manager of the Software and Advanced Technology Group.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.