Intel CEO on relationship with Apple: 'My job is to win them back'

In a new interview with Yahoo Finance anchor & Editor-at-Large Brian Sozzi, Intel CEO Pat Gelsinger discussed the fact that Apple is no longer using Intel's chips in its MacBooks. Intel plans to deliver chips that are better than the ones that Apple can make on its own.

Video transcript

- I was thinking back. Pat, when you first started and we spoke early on one of your first calls, among many I'm sure, was to Apple and CEO Tim Cook, and trying to get, you know, I guess, some of that business back. Now, that you've settled into the role here, what's the relationship with Apple like?

PAT GELSINGER: You know, Apple is a great company. You know, we certainly respect their innovations. And, you know, we do a number of products with them today. Obviously, they moved the core of their product line to their own M1 and, you know, its derivative family, because they thought they could do a better chip. And they've done a good job with that.

My job is to win them back and to deliver products that are better than they can do themselves. We also want to win them to more of our foundry offerings over time. And that just makes sense, right. You know, everybody wants to have multiple suppliers. And if we have the best process technology in the industry, of course, they'll come our way.

But, you know, we view these decisions are, you know, long decisions. You know, they don't flip architectures arbitrarily, nobody does. Those should be contemplated very carefully. So this is many years in the future. And between now and then, we are reviving the PC ecosystem. Yeah, we're building out our foundry business. And we're aggressively pursuing unquestioned product leadership that our customers can build the best computing experiences of any available in the industry. And if we're doing that, we're just going to do fine over time.

- Do you think it takes a couple of years to get a good chunk of Apple Business back? And what could you get back?

PAT GELSINGER: Well, you know, as I said, you know, we would hope to have them using more of our products over time, more of our technologies in different spaces hoping to use our foundry at different points of time. But these are long term decisions, Brian. if they started the design tomorrow or if somebody came to us and said, hey, we want to go do a major foundry offering with you today, it's not until 25 that that hits any volume. A couple of years to make the decision, a couple of years to do the design. You know, these are long term decisions.

So, you know, we're very, very, I think, pragmatic about what that might take. But we're also very clear minded that if we're doing the best products, the best process technology, the best packaging technology that's available anywhere in the industry, they and others will make very pragmatic choices of picking the best set of things they can do to build the best products for their customers.