Supply chain problems, a slow restructuring of its Foundry business and disappointing fab output may fuel a troubled year for Intel as CEO Lip-Bu Tan continues his work to turn the ship around.

During a Q4 earnings call, executives spelled out a series of challenges for Intel as Tan said it will “take time” to “rebuild”, predicting lower than normal revenue for Q1, circa $12.2 billion, despite a strong $13.67 billion Q4.

He said: "I’m disappointed that we are not able to fully meet the demand in our markets. My team and I are working tirelessly to drive efficiency and more output from our fabs...

The earnings come months after Tan last year pulled the plug on $50 billion of chip factory construction projects in Costa Rica, Germany and Poland, saying starkly "“I do not subscribe to the belief that if you build it, they will come.”

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