Futurum CEO Daniel Newman on report Nvidia is halting Intel's 18A tests

December 24, 2025 • 4m 35s
Leslie Picker (Anchor) 00:00.150
joining us now for more is daniel newman CEO at futurum group daniel which part of the piece stood out to you as the most important for the market for intel investors
Daniel Newman (CEO) 00:11.870
well i think the part that came out about nvidia was the most interesting part now the comment about being you know not strategic enough that they would not let it fail i tend to disagree with that leslie i believe that the ten billion dollar investment from from the US
Daniel Newman (CEO) 00:27.070
government that the five billion that came in from nvidia that the multi billions that came in from from arm and softbank are because we are in this all hands on deck moment for AI and intel being able to expand capacity maybe not replace TSMC but to be able to offer capacity in
Daniel Newman (CEO) 00:40.950
addition to TSMC is going to be critical because we simply cannot produce enough chips but one of the things that also was very interesting was this idea that they tested eighteen a and it didn't work this is a little bit of a story that had already come out and lib butan who
Daniel Newman (CEO) 00:57.310
i've talked to many times about this has more or less told the market this for months that eighteen a was going to be the internal node that they were going to ramp up some of their own intel products on eighteen a but really fourteen a this is the next node coming twenty seven
Daniel Newman (CEO) 01:11.510
for risk twenty eight for production this is the one where it's going to be the rubber meeting the road for companies like nvidia apple or others that are considering building more with intel so
Leslie Picker (Anchor) 01:21.950
that's what deirdre mentioned earlier was this idea that just the the fact that intel was even you know invited to the party here for eighteen a is noteworthy and actually a positive development i'm curious what you make of that given the interconnectivity with the government
Leslie Picker (Anchor) 01:37.030
now was it invited you know just because of its relationship do you see any kind of favoritism or or benefit that they're already starting to garner given this relationship
Daniel Newman (CEO) 01:48.540
yeah so one of the things that's really important for investors to know is that every one of these new nodes this could be intel this could be samsung this could be TSMC most of the fabulous you know broadcoms and nvidia 's AMD 's they're all going to test these there's
Daniel Newman (CEO) 02:03.700
different reasons for why they're doing that but one as i mentioned just this overall capacity strain on the market they're all going to be looking at these different options of course if these different nodes scale and offer better performance maybe better efficiency this could
Daniel Newman (CEO) 02:18.430
be a reason to turn in the direction of a different provider we know TSMC has been incredibly successful that their moat is really deep and that the different fabulous companies the ones i've mentioned have all stuck with TSMC not just because you know they're available and they
Daniel Newman (CEO) 02:33.670
can deliver they'll pay more for TSMC because of the fact that it's so predictable it's so consistent but we've never had a constraint like this before we've never been in a situation where we simply can't build enough so we're hearing about google turning potentially to we're
Daniel Newman (CEO) 02:48.390
seeing broadcom and video you know we bet that AMD qualcomm others all looking at intel because as this AI trend continues we're going to need every chip that can be produced so we really should want intel to succeed and i believe that US government investment to your point
Daniel Newman (CEO) 03:04.510
earlier was all about making sure that the US does see the policy is really in place for a US LED US manufacturer of leading edge chips
Leslie Picker (Anchor) 03:14.670
yeah obviously there's some historical stickiness in terms of a manufacturing partner but when you can't produce enough fast enough that's going to change the game i see here that you have some twenty twenty six predictions broadly speaking for the space what do you think it is
Leslie Picker (Anchor) 03:28.510
most likely for the new year
Daniel Newman (CEO) 03:31.750
yeah we have a few of them but one that we definitely think is we feel that amazon and meta trailed significantly some of its other names and we think that some of the reasons they trailed the bet that meta has made on on all these talent we think that talent is going to come
Daniel Newman (CEO) 03:47.470
through next year a lot of people thought after mark went on that spending spree brought all those people in from different research labs for AI that that was going to create more of an immediate result you know the ticker it it trailed all year we think next year it's going to
Daniel Newman (CEO) 03:58.990
do a lot better and we also think amazon did a good job this year catching up we felt that they were a little slow ramping their nvidia but we think that now that they've made those investments they launched a project rainier they've also built their own silicon and are starting
Daniel Newman (CEO) 04:11.470
to ramp that up we think they're going to be able to take advantage of their deep position as the largest hyper scale cloud and i'll give you one other fun one leslie is i think there'll be two trillion dollar IPO 's next year it's going to be a long and sam and i think that
Daniel Newman (CEO) 04:26.640
elon is going to win out for the biggest IPO in history and i think that's going to be another frustrating point for sam alton but it just seems that's the story with those two