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Intel Corporation ( NASDAQ: INTC ) Barclays 22nd Annual Global Technology Conference December 12, 2024 11:40 AM ET Company Participants Michelle Johnston Holthaus - Interim co-CEO David Zinsner - co-CEO, EVP and CFO Conference Call Participants Thomas O'Malley - Barclays Thomas O'Malley All right. Welcome back to the Barclays Tech Conference, I'm Tom O'Malley, Semiconductor and Semi-Cap Equipment Analyst here at Barclays. Before I introduce our guests, I just need to read an opening statement. So before we begin, please note that today's discussion may contain forward-looking statements that are subject to various risks and uncertainties and may reference non-GAAP financial measures. Please refer to Intel's most recent earnings release and Annual Report on Form 10-K and other filings with the SEC for more information on the risk factors that could cause actual results to differ materially and additional information for non-GAAP financial measures, including reconciliations where appropriate to the corresponding GAAP financial measures. Okay, now to the good stuff. Great to be here with you both. Michelle Johnston Holthaus. Michelle Johnston Holthaus Yes. Thomas O'Malley Perfect. And Dave Zinsner, co-CEOs. And very happy to have you here today. David Zinsner Thanks for having us. Michelle Johnston Holthaus Thanks for having us. Question-and-Answer Session Q - Thomas O'Malley Why don't we start off with the question that everyone's been asking you since Monday of last week, which is change of regime. How do you guys think things will differ with you two at the [Helm] (ph) versus when Pat was [technical difficulty]? Michelle Johnston Holthaus You want me to start? All right. Well, I think there'll be a few differences, and there'll be a few things that don't change. Obviously, building world-class products and a world-class boundaries, we're still highly invested in doing that. And those two things together will help differentiate us in the marketplace. Pat, clearly Dave and I enjoyed workingIsraeli Prime Minister Benjamin Netanyahu. Photo: Reuters In a television address, Netanyahu said he would put the ceasefire accord to his full cabinet later on Tuesday evening (local time). Israeli TV reported that the more restricted security cabinet had earlier approved the deal. The accord, clearing the way for an end to a conflict that has killed thousands of people since it was ignited by the Gaza war last year, was brokered by the United States and France and was expected to take effect on Wednesday. "We will enforce the agreement and respond forcefully to any violation. Together, we will continue until victory," Netanyahu said. Netanyahu said there were three reasons to pursue a ceasefire: to focus on the threat from Iran; replenish depleted arms supplies and give the army a rest; and to isolate Hamas, the militant group that triggered war in the region when it attacked Israel from Gaza last year. "In full coordination with the United States, we retain complete military freedom of action. Should Hezbollah violate the agreement or attempt to rearm, we will strike decisively." Netanyahu said Hezbollah, which is backed by Iran and allied to Hamas, was considerably weaker than it had been at the start of the conflict. "We have set it back decades, eliminated ... its top leaders, destroyed most of its rockets and missiles, neutralized thousands of fighters, and obliterated years of terror infrastructure near our border," he said. "We targeted strategic objectives across Lebanon, shaking Beirut to its core." US President Joe Biden was set to deliver remarks at the White House later in the day. ISRAEL RAMPS UP AIRSTRIKES Despite the diplomatic breakthrough, hostilities raged as Israel dramatically ramped up its campaign of airstrikes in Beirut and other parts of Lebanon, with health authorities reporting at least 18 killed. There was no indication that a truce in Lebanon would hasten a ceasefire and hostage-release deal in devastated Gaza, where Israel is battling Palestinian militant group Hamas. The Lebanon ceasefire agreement requires Israeli troops to withdraw from south Lebanon and Lebanon's army to deploy in the region, officials say. Hezbollah would end its armed presence along the border south of the Litani River. Lebanese Foreign Minister Abdallah Bou Habib said the Lebanese army would be ready to have at least 5000 troops deployed in southern Lebanon as Israeli troops withdraw, and that the United States could play a role in rebuilding infrastructure destroyed by Israeli strikes. Not everyone in Israel supports a ceasefire. Security Minister Itamar Ben-Gvir, a right-wing member of Netanyahu's government, said on social-media platform X the agreement does not ensure the return of Israelis to their homes in the country's north and that the Lebanese army did not have the ability to overcome Hezbollah. "In order to leave Lebanon, we must have our own security belt," Ben-Gvir said. Israel demands effective UN enforcement of an eventual ceasefire with Lebanon and will show "zero tolerance" toward any infraction, Defence Minister Israel Katz said earlier on Tuesday. In the hours before the announcement, Israeli strikes smashed more of Beirut's densely-populated southern suburbs, a Hezbollah stronghold. The Israeli military said one barrage of strikes had hit 20 targets in the city in just 120 seconds, killing at least seven people and injuring 37, according to Lebanon's health ministry. Israel issued its biggest evacuation warning yet, telling civilians to leave 20 locations. Israeli military spokesperson Avichay Adraee said the air force was conducting a "widespread attack" on Hezbollah targets across the city. The Iran-backed Hezbollah has kept up rocket fire into Israel. The UN rights chief voiced concern about the escalation of bloodshed in Lebanon and his office said nearly 100 people had been reported killed by Israeli airstrikes in recent days, including women, children and medics. Israel has dealt Hezbollah massive blows since going on the offensive against the group in September, killing its leader Sayyed Hassan Nasrallah and other top commanders, and pounding areas of Lebanon where the group holds sway. Over the past year, more than 3750 people have been killed in Lebanon and over one million have been forced from their homes, according to Lebanon's health ministry, which does not distinguish between civilians and combatants in its figures. Hezbollah strikes have killed 45 civilians in northern Israel and the Israeli-occupied Golan Heights. At least 73 Israeli soldiers have been killed in northern Israel, the Golan Heights and in combat in southern Lebanon, according to Israeli authorities.Elijah Winnington was going to pull out of the world short course championships after feeling “mentally drained” following the Paris Games where he finished last in the 800m amid medal expectations. But Winnington, who won silver in the 400m in Paris, stepped up again and helped secure Australia’s most successful night in Budapest, taking gold in the 400m freestyle with a personal best swim. He pointed to his head while looking at his coaches after his victory, signalling he had conquered his post-Olympic demons. “I only started training when the rest of team were racing at the World Cup in October and November,” he said. “I am not ... at my fittest point right now, and I like to take the race out strong ... I knew if I did that tonight I might not have it at the end, which is where I really love to come home. “In an Olympic year it’s always really hard and there are so many points where I was going to pull out of this meet. “When I decided to do it, I was (mentally) breaking down with my fiancee and my parents because I was in a really bad spot. Just to think of coming to another competition was hard. “The Olympics takes so much out of you and I was mentally drained and then there was the added pressure that I am an Olympic silver medallist and there would be more eyes on me. “The pointing to my head (after the race) was more to show myself and the world how much it took to get up for this. My whole squad from St Peters isn’t here with me and my coach Dean (Boxall) hasn’t been at the pool. “I need to thank the guys who worked out with me when they really didn’t have to because they are not really training for anything right now. “It was a mental battle that I wanted to share with my family and friends back home. “It means everything to me to win (in Budapest). This pool holds such a special place in my heart – it’s where I won my first world course title in 2022 and this is my first ever short course world championship.” Teammate Lizzy Dekkers finished the night with two bronze medals – one for her 200m butterfly final and the other as part of the 4x200m free relay team, which also included Leah Neale, rookie Milla Jansen and ironwoman Lani Pallister, who won individual gold in the 800m. Originally published as Elijah Winnington wins 400m freestyle at world short course championships

Emboldened by the view from the top of the NFC North, the Detroit Lions are out to eliminate nightmare holiday gatherings when the Chicago Bears come to town Thursday for a lunchtime division duel. The Lions (10-1) are streaking one direction, the Bears (4-7) the other in the first matchup of the season between teams on opposite ends of the division. Riding a nine-game winning streak, their longest since a 10-game streak during their first season in Detroit in 1934, the Lions are burdened by losses in their traditional Thanksgiving Day game the past seven seasons. Three of the defeats are courtesy of Chicago. The Bears and Lions get together for the 20th time on Thanksgiving -- the Bears have 11 wins -- this week in the first of two meetings between the teams in a 25-day span. Detroit goes to Soldier Field on Dec. 22. "I think there's two things," Campbell said of the Thanksgiving losing streak. "Number one -- Get a W. And it's a division win that's why this huge. Number two is because the players are going to get a couple of days off. So, they have family, friends in, it'd be nice to feel good about it when you're with everybody because it's just not real fun. It's not real fun to be around." Detroit (10-1) owns the best record in the NFC but the Lions aren't even assured of a division title. Minnesota sits one game behind them and Green Bay is two games back. The Bears (4-7) sit in last place and would likely need to run the table to have any chance of making the playoffs. The Lions have been dominant in all phases and haven't allowed a touchdown in the past 10 consecutive quarters. Detroit's offense ranks first in points per game (32.7) and second in total yardage (394.3) The Lions defense has not given up a touchdown in the last 10 quarters. Rookie placekicker Jake Bates has made all 16 of his field goal attempts, including four from 50-plus yards over the past three games. Chicago shows up in a foul mood. The Bears are saddled with a five-game losing streak and Chicago's defense has been destroyed for nearly 2,000 total yards in the last four games. The Bears failed to reach the 20-point mark four times in five outings since they last won a game. In their latest defeat, rookie quarterback Caleb Williams and the offense perked up but they lost to Minnesota in overtime, 30-27. "We have to play complementary football for us to be able to win these games," coach Matt Eberflus said. "The games we have won, we have done that. The games we have been close we've missed the mark a little bit. Over the course of the year, it's been one side or the other, this side or that side. In this league you have to be good on all sides to win. That's what we are searching for." Williams threw for 340 yards and two touchdowns without an interception. The wide receiver trio of DJ Moore, Keenan Allen and Romeo Odunze combined for 21 receptions and two touchdowns while tight end Cole Kmet caught seven passes. "What I've been impressed with is just how he has grown," Campbell said. "He has grown every game but these last two I really feel like he's taken off and what they're doing with him has been really good for him and he just looks very composed. He doesn't get frazzled, plays pretty fast, and he's an accurate passer, big arm, and he's got some guys that can get open for him." Detroit's banged-up secondary could be susceptible against the Bears' veteran receivers in their bid to pull off an upset on Thursday. The Lions put two defensive backs on injured reserve in the past week and top cornerback Carlton Davis isn't expected to play due to knee and thumb injuries. Detroit offensive tackle Taylor Decker (knee) and top returner Kalif Raymond (foot) are also expected to miss the game, though Campbell expressed optimism that running back David Montgomery (shoulder), formerly of the Bears, would play. Bears safety Elijah Hicks was listed as a DNP for Tuesday's walkthrough. --Field Level MediaSiddaramaiah calls demand for hike in quota ‘unconstitutional’Higher Education and Social Justice Minister R. Bindu has highlighted the pivotal role of cross-cultural and global collaborations in shaping the future of technological research and industry partnerships. Inaugurating ‘Udyama 1.0.’, a four-day industry-academia-government conclave on technical education here on Saturday, Dr. Bindu underscored the need to harness the power of cultural diversity in fostering innovation. Ground breaking ideas, she pointed out, often emerge when people from different cultural backgrounds come together to address a shared problem. The diversity of thought that arises from such interactions can lead to more creative solutions and a deeper understanding of complex issues. “In today’s interconnected world, products and solutions must cater to a global audience. When multiple cultures and expertise come together, innovations are more likely to be versatile and adaptable to different markets and contexts, making them more successful worldwide. By including diverse cultures and perspectives in innovation processes, solutions are more likely to be inclusive and equitable, addressing the needs of marginalised or under-represented groups. This creates innovations that benefit a broader range of people,” she said. Stressing on the relevance of cross-border collaborations in addressing global challenges, she said for joint efforts for the fight against climate change, cyber security threats and healthcare crises. In discussing emerging technologies like AI and biotechnology, the Minister emphasised the ethical challenges these innovations present. As these fields advance, they raise important questions about fairness, transparency, and accountability. Addressing these challenges, she argued, requires collaboration between experts from various fields, including ethicists, engineers, researchers, and policymakers. Former chairperson of All India Council for Technical Education (AICTE) Anil D. Sahasrabuddhe, who currently heads the National Educational Technology Forum, urged policy makers to ensure the autonomy of higher education institutions in his keynote address. “The institutions should have the freedom to create their curriculum in a manner that is useful to industry, society and the government. They should also have regular curriculum revisions involving industry, alumni, student and faculty members,” he said. He also proposed creating courses in which students engage in self-learning. One or two courses could be made electives, for which there are no teachers and the students could pursue courses from the SWAYAM platform or any other sources. The industry must also provide adequate internship opportunities for students. Prof. Sahasrabuddhe said. Principal Secretary (Higher Education) Ishita Roy presided over the inaugural session. Director of Technical Education Shalij P.R. and Tata Elxsi centre head and GTech secretary Sreekumar V. also spoke. Published - December 07, 2024 08:27 pm IST Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp Reddit

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