Intel's fourth quarter performance fell short of expectations, CEO admitted that the chips did not meet standards.

Intel Corporation has released its performance outlook for this quarter, which is below expectations overall. The company stated that due to chip supply shortages, it has been difficult to meet customer demands, disappointing investors who had hoped for new products to significantly boost performance. In a statement issued on Thursday, Intel pointed out that the company's first-quarter revenue is expected to be in the range of 11.7 billion to 12.7 billion US dollars, with a midpoint of 12.2 billion US dollars, lower than analysts' previous estimate of 12.6 billion US dollars. In addition, excluding specific items, Intel expects earnings per share to remain flat this quarter, while Wall Street had previously forecasted earnings per share of 0.08 US dollars. Currently, Intel is facing challenges with chip manufacturing yield issues - yield being the percentage of qualified chips produced by the factory out of the total output, hindering the company's recovery process. This company, which has long been a leader in the semiconductor industry, has been striving to regain technological superiority and recover lost market share over the years, and this performance outlook falling short of expectations is undoubtedly another setback on its path to recovery. Intel CEO Pat Gelsinger mentioned in an interview that market demand is "quite strong" and the company is working hard to address manufacturing issues. However, he also noted that Intel consumed a significant amount of inventory in the fourth quarter of last year. "Our chip yield and production levels have not yet met my standards," Gelsinger said, "We need to improve." Gelsinger candidly admitted in the interview that Intel's core challenge at the moment is at the execution level. "Our entire team is working hard to improve execution efficiency," he said, "To be honest, we just need to do better in terms of execution."