Intel's Chief Financial Officer, David Zinsner, announced that the company expects to complete its cost-cutting measures by the current quarter's earnings release. Despite these efforts, Intel is not likely to see financial benefits from the U.S. CHIPS Act until the end of the year. Zinsner also highlighted that Intel's contract manufacturing business is projected to generate meaningful revenue starting in 2027, with the company currently in talks with 12 potential customers. Additionally, Intel plans to create more separation between its chip design and foundry businesses to maximize shareholder value. Wafer fab revenue is expected to start in 2026 and flow through in 2027.