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Intel CEO Promises Quicker Return to Technological Leadership

Bloomberg business news
WATCH: Intel CEO Pat Gelsinger discusses the semiconductor shortage, the state of the PC market and outlook.

Intel Corp. Chief Executive Officer Pat Gelsinger, facing investor skepticism about his turnaround bid, said the company now expects to reach a key technological milestone sooner than planned, helping the storied chipmaker regain its edge. 

Under Gelsinger, Intel has been working to restore its leadership in semiconductor process technology -- an effort that requires the company to retool factories. The CEO has previously promised investors that Intel could reach that point by 2025.