These comments led to TSMC revoking the generous terms it gave Intel – about 40 percent off the $23,000, 3-nanometer wafers on which TSMC would print chips for Intel – affecting Intel's profit margins.
Gelsinger's vision for Intel included transforming the company into a major player in the foundry business, competing directly with TSMC. He announced plans to invest billions in new factories and develop advanced manufacturing processes.