New York (CNN Business) Intel investors and analysts got their first glimpse at incoming CEO Pat Gelsinger's vision for the company during its earnings call on Thursday. But Gelsinger told analysts that Intel is not "interested in just closing gaps" with its rivals. "We're interested in resuming that position of the unquestioned leader in process technology, and that's our commitment," Gelsinger said. He joined the earnings call along with outgoing CEO Bob Swan, though he doesn't actually take over the role for three more weeks. The semiconductor giant reported fourth quarter earnings of $1.42 per share on revenue of $20 billion, beating the $1.10 in earnings per share on revenue of $17.5 billion Wall Street analysts had projected.

Source: CNN January 22, 2021 21:45 UTC