News Summary

• Intel unveiled a new processor, codenamed Panther Lake, on Thursday.
• This marks the next generation of the company’s Intel Core Ultra processor family.
• The processors are expected to begin shipping later this year and are being produced at Intel's Chandler, Arizona, Fab 52 facility, which came online in 2025.
• This is the company's largest manufacturing announcement since Lip-Bu Tan took over as Intel's CEO in March.
• In his first few weeks, Tan made clear he would refocus the company on its core businesses and restore its engineering-first culture.