(Reuters) -Intel forecast fourth-quarter revenue just shy of estimates on Thursday, but beat expectations for September-quarter profit as CEO Lip-Bu Tan’s drastic cost-cutting measures helped the chipmaker shore up its finances amid a slew of high-profile investments in the company.

This marks the Santa Clara, California-based company’s first earnings announcement after multibillion-dollar investments from Nvidia and Japan’s SoftBank as well as an unprecedented U.S. government stake, with investors anticipating a major cash boost.

The investments are expected to be a major lifeline for Intel, which has been struggling to maintain its dominance in the PC and server central processing unit markets as it competes with Advanced Micro Devices, while repeated attempts to break into the AI chip

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