The article discusses Intel’s strategy to improve efficiency and reduce capital expenditures. Intel’s CEO, Pat Gelsinger, introduced the ‘No Wafer Left Behind’ initiative, which aims to maximize the utilization of every silicon wafer produced. This approach involves repurposing partially defective wafers for lower-end products, reducing waste and increasing overall output. Additionally, Intel plans to cut capital expenditures from $25 billion in 2022 to $16-18 billion in 2024, reflecting a focus on efficiency and cost optimization. The company aims to achieve a gross margin of 60% by 2025, driven by the efficiency measures and a shift towards more advanced manufacturing processes. The article highlights Intel’s efforts to streamline operations, reduce costs, and improve profitability in the face of intense competition and market challenges.