Intel shares jump on chip deal with Amazon
6 months, 1 week ago

Intel shares jump on chip deal with Amazon

CNN  

New York CNN — Intel’s struggling chip-making business got a boost Monday from a high-profile client: Amazon. Intel Foundry and Amazon Web Services will coinvest in a custom chip design for the latter and “announced a multi-year, multi-billion-dollar framework,” according to a release. “Specifically, Intel Foundry will produce an AI fabric chip for AWS on Intel 18A,” Intel CEO Pat Gelsinger said in the statement Monday. The new deal, along with a $3 billion grant from the US government to boost domestic chip making and make chips for the US military, “demonstrates the continued progress we are making to build a world-class foundry business,” Intel said in the statement.

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History of this topic

Inside the mind of Intel’s new CEO: ‘Disrupt and Leapfrog’
1 week, 4 days ago

Inside the mind of Intel’s new CEO: ‘Disrupt and Leapfrog’

Live Mint  

They say Lip-Bu Tan is the best hope to fix Intel —if Intel can be fixed at all. “He is brave enough to adjust the workforce to the size needed for the business today," said Reed Hundt, a former Intel board member who has known Tan since the 1990s. Tan’s capabilities aside, Intel remains far behind in modern chip production, …

Intel CEO Signals That He’ll Stick With Contentious Foundry Plan
1 week, 5 days ago

Intel CEO Signals That He’ll Stick With Contentious Foundry Plan

Live Mint  

-- Incoming Intel Corp. Chief Executive Officer Lip-Bu Tan is signaling that he’ll stick with his predecessor’s plan to make chips for other companies, even as he vows to learn from past mistakes. “We will work hard to restore Intel’s position as a world-class products company, establish ourselves as a world-class foundry and delight our customers like never before,” he …

Intel Names Chip Industry Veteran Lip-Bu Tan as Its Next CEO
1 week, 5 days ago

Intel Names Chip Industry Veteran Lip-Bu Tan as Its Next CEO

Live Mint  

-- Intel Corp. named Lip-Bu Tan as its next chief executive officer, entrusting a former board member and semiconductor veteran with one of the toughest jobs in the chip industry. Tan, the former head of Cadence Design Systems Inc., is tasked with restoring the fortunes of a pioneering chipmaker that’s become an industry laggard. One of the most glaring challenges: …

TSMC can’t make Intel great again: There’s nothing inside such a chip deal
1 month ago

TSMC can’t make Intel great again: There’s nothing inside such a chip deal

Live Mint  

Trying to force a partnership between Taiwan Semiconductor Manufacturing Company and Intel Corp would be a wildly complex ordeal. Already, the reported request of the Trump administration for TSMC to take a controlling stake in Intel’s US factories is facing valid questions about feasibility from all sides. Although TSMC’s change of heart appears to be the result of a request …

Intel share price gains over 10% after rivals TSMC, Broadcom eye potential split deals; stock up 18% YTD
1 month, 1 week ago

Intel share price gains over 10% after rivals TSMC, Broadcom eye potential split deals; stock up 18% YTD

Live Mint  

Intel share price: Intel rose over 10 per cent on Tuesday, February 18, after a report over the weekend said rivals Taiwan Semiconductor Manufacturing Co and Broadcom were each eyeing potential deals that could break the chipmaking icon in two. Intel share price today Intel shares climbed as high as $26.24 in New York trading Tuesday, marking the biggest single-day …

Broadcom, TSMC eye possible Intel deals to split storied chipmaker: Report
1 month, 1 week ago

Broadcom, TSMC eye possible Intel deals to split storied chipmaker: Report

The Hindu  

Intel's rivals Taiwan Semiconductor Manufacturing Co and Broadcom are each eyeing potential deals that would break the U.S. chipmaking icon in two, the Wall Street Journal reported on Saturday, citing people familiar with the matter. TSMC, the world's biggest contract chipmaker, has separately studied controlling some or all of Intel's chip plants, potentially as part of an investor consortium or …

Intel’s stock is soaring, but a rescue will be hard to pull off
1 month, 1 week ago

Intel’s stock is soaring, but a rescue will be hard to pull off

Live Mint  

The Trump administration has effectively put a buy rating on Intel’s stock. Citing “discussions from the Asia supply chain," the report said Taiwan Semiconductor Manufacturing—better known as TSMC—could become a joint owner of Intel’s manufacturing business following a spinoff while also having charge of running the facilities. Still, Intel’s position as the only U.S.-based chip maker with leading-edge production capabilities …

Intel shows why Nvidia is still hard to beat
1 month, 3 weeks ago

Intel shows why Nvidia is still hard to beat

Live Mint  

Nvidia might look a little less invincible these days. Mark Zuckerberg, chief executive of Meta Platforms and one of Nvidia’s largest customers, said during his own earnings call last week that “it’s way too early" to know whether DeepSeek’s developments will lead to lower capital-spending needs for AI. In the chip maker’s own fourth-quarter earnings call late Thursday, Intel Co-CEO …

Intel’s CEO search in focus as chipmaker set to post lower revenue
1 month, 3 weeks ago

Intel’s CEO search in focus as chipmaker set to post lower revenue

Live Mint  

By Arsheeya Bajwa - Intel will face investor scrutiny on its CEO search when it reports quarterly results on Thursday, as the chipmaker stares at another big decline in revenue due to weak PC sales and its shrinking share in the datacenter market. Interim co-CEOs, Michelle Johnston Holthaus and David Zinsner, said last month a spinoff of that business may …

Intel to Turn Venture Arm Into Separate Business With New Name
Trending News
2 months, 1 week ago

Intel to Turn Venture Arm Into Separate Business With New Name

Live Mint  

-- Intel Corp., the once-dominant chipmaker struggling to revive its business and finances, plans to turn its venture capital arm into a separate fund with a new name. Intel’s venture arm is one of the best-known corporate investment vehicles in the history of Silicon Valley and has put more than $20 billion into businesses over the last 30 years. “Standalone …

Mint Primer | CEO exits: Turning point or another blow for Intel?
3 months, 3 weeks ago

Mint Primer | CEO exits: Turning point or another blow for Intel?

Live Mint  

Once synonymous with semiconductor chips as “Intel Inside", the firm is struggling to regain its mojo after CEO Pat Gelsinger’s unexpected exit. Initially celebrated as the “saviour" of ailing Intel, Gelsinger’s abrupt retirement as CEO on 1 December saw the company’s stock rise 5.7% in intraday trading on Monday but close 0.5% lower. Gelsinger’s exit may slightly affect senior executives …

Are Intel’s problems too big to fix?
3 months, 3 weeks ago

Are Intel’s problems too big to fix?

Live Mint  

Pat Gelsinger’s quest to save Intel has come to an abrupt end. Much rides on their success as 18A is the final phase of Gelsinger’s plan to have Intel race though five so-called “nodes" in four years. “As the standard-bearer for the company’s ‘five nodes in four years’ guiding mantra, Mr. Gelsinger’s sudden departure leaves us unsure of the strategic …

Intel’s CHIPS Act funding reduced from $8.5 billion to $7.85 billion because of recent military contract
3 months, 3 weeks ago

Intel’s CHIPS Act funding reduced from $8.5 billion to $7.85 billion because of recent military contract

Firstpost  

Intel, the largest recipient of CHIPS Act funding, is facing mounting scrutiny over its ability to deliver on its commitments, particularly as it navigates financial struggles and extended project timelines Intel remains the only US-based logic chip manufacturer, a factor that has led US Secretary of Commerce Gina Raimondo to encourage collaboration between Intel and tech giants like Apple, NVIDIA, …

Intel's $7.86 billion subsidy deal restricts sale of its manufacturing unit
3 months, 3 weeks ago

Intel's $7.86 billion subsidy deal restricts sale of its manufacturing unit

The Hindu  

Intel said on Wednesday its deal for $7.86 billion in U.S. government subsidies restricts the company's ability to sell stakes in its chipmaking unit if it becomes an independent entity. The U.S. Commerce Department announced the subsidy to Intel on Tuesday, part of $39 billion for the sector including Taiwan Semiconductor Manufacturing Co and others in an effort to revitalize …

Intel gets $7.86 billion chips manufacturing subsidy from the US government
3 months, 3 weeks ago

Intel gets $7.86 billion chips manufacturing subsidy from the US government

Hindustan Times  

The U.S. Commerce Department said Tuesday it was finalizing a $7.86 billion government subsidy for Intel, down from $8.5 billion announced in March after the California-based chips maker won a separate $3 billion award from the Pentagon. Intel has already met some initial project milestones and will receive at least $1 billion of the award before the end of December, …

Commerce Department to reduce Intel’s funding on semiconductors
4 months ago

Commerce Department to reduce Intel’s funding on semiconductors

Associated Press  

LOS ANGELES — The Biden administration plans on reducing part of Intel’s $8.5 billion in federal funding for computer chip plants around the country, according to three people familiar with the grant who spoke on the condition of anonymity to discuss private conversations. President Joe Biden announced the agreement to provide Intel with up to $8.5 billion in direct funding …

Intel stock surges on plans to make AI chips for Amazon and to turn foundry into subsidiary
6 months, 1 week ago

Intel stock surges on plans to make AI chips for Amazon and to turn foundry into subsidiary

Associated Press  

Shares of Intel are surging before the market opens Tuesday after the chipmaker said its foundry business would make some custom artificial intelligence chips for Amazon Web Services as it attempts to reinvigorate its business. CEO Pat Gelsinger said in a message to employees late Monday that Intel will create an AI fabric chip for Amazon’s cloud services division at …

Intel shares jump on chip deal with Amazon
6 months, 1 week ago

Intel shares jump on chip deal with Amazon

CNN  

New York CNN — Intel’s struggling chip-making business got a boost Monday from a high-profile client: Amazon. Intel Foundry and Amazon Web Services will coinvest in a custom chip design for the latter and “announced a multi-year, multi-billion-dollar framework,” according to a release. “Specifically, Intel Foundry will produce an AI fabric chip for AWS on Intel 18A,” Intel CEO Pat …

Intel sells stake in chip designer Arm Holdings
7 months, 1 week ago

Intel sells stake in chip designer Arm Holdings

Hindustan Times  

Intel, which is cutting thousands of jobs as it struggles to stay relevant in the chip industry, sold its 1.18 million share stake in British chip firm Arm Holdings in the second quarter, a regulatory filing showed on Tuesday. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Intel would have raised about $146.7 million from the sale, based on the average price of Arm's …

Chipmaker Intel to cut 15,000 jobs as it tries to revive its business and compete with rivals
7 months, 3 weeks ago

Chipmaker Intel to cut 15,000 jobs as it tries to revive its business and compete with rivals

LA Times  

Intel, based in Santa Clara, Calif., is also suspending its stock dividend as part of a broader plan to cut costs. “Simply put, we must align our cost structure with our new operating model and fundamentally change the way we operate,” he wrote in the memo published on Intel’s website. “Intel’s announcement of a significant cost-cutting plan including layoffs may …

Chipmaker Intel to cut 15,000 jobs as tries to revive its business and compete with rivals
7 months, 3 weeks ago

Chipmaker Intel to cut 15,000 jobs as tries to revive its business and compete with rivals

Associated Press  

Chipmaker Intel says it is cutting 15% of its huge workforce — about 15,000 jobs — as it tries to turn its business around to compete with more successful rivals like Nvidia and AMD. “Intel’s announcement of a significant cost-cutting plan including layoffs may bolster its near-term financials, but this move alone is insufficient to redefine its position in the …

Intel plans to cut thousands of jobs to finance recovery: Report
7 months, 3 weeks ago

Intel plans to cut thousands of jobs to finance recovery: Report

The Hindu  

Intel plans to cut thousands of jobs to finance a recovery and cope with eroding market share, Bloomberg News reported on Tuesday, citing people familiar with the matter. CEO Pat Gelsinger has initiated a turnaround to regain the company's competitive edge, focusing on revitalizing its manufacturing capabilities, investing in advanced chip technologies, and expanding into new markets. In October 2022, …

Intel unveils latest processor to tap into China data center market
9 months, 1 week ago

Intel unveils latest processor to tap into China data center market

China Daily  

Intel has unveiled its latest server processor to tap into China's burgeoning data center market. The US chip giant Intel has unveiled its latest server processor to tap into China's burgeoning data center market. Alan Wang, vice-president of the sales and marketing group and manager at Intel China, said China's data centers have experienced rapid development over the past ten …

Intel to delay construction on its $25 billion chip-manufacturing plant in Israel
9 months, 1 week ago

Intel to delay construction on its $25 billion chip-manufacturing plant in Israel

Firstpost  

Intel is currently expanding its operations across the world, albeit in a strategic manner and is therefore assessing which facilities need to be prioritised Intel has been reassessing its investment plans for expanding its production facilities. Image Credit: Reuters Intel has decided to push the construction of its highly anticipated $25 billion chip-manufacturing plant in Israel. Intel is currently expanding …

Today’s Cache | Microsoft’s $2.9 billion AI investment in Japan; Intel’s Gaudi 3 AI chip to launch this year; TSMC boosts US chip production with $11.6 billion grants
11 months, 2 weeks ago

Today’s Cache | Microsoft’s $2.9 billion AI investment in Japan; Intel’s Gaudi 3 AI chip to launch this year; TSMC boosts US chip production with $11.6 billion grants

The Hindu  

Microsoft invests $2.9 Billion in Japan for AI development Microsoft plans to invest $2.9 billion in Japan over the next two years, to enhance the country’s AI capabilities and bolster cybersecurity against threats from China and Russia. While earlier versions of Intel’s Gaudi AI chips didn’t gain significant market share, the company anticipates that the new model will have a …

Intel Loses $7 Billion In Its Chip Business Battle With TSMC Last Year
11 months, 3 weeks ago

Intel Loses $7 Billion In Its Chip Business Battle With TSMC Last Year

News 18  

– Intel on Tuesday disclosed deepening operating losses for its foundry business, a blow to the chipmaker as it tries to regain a technology lead it lost in recent years to Taiwan Semiconductor Manufacturing. Intel said the manufacturing unit had $7 billion in operating losses for 2023, a steeper loss than the $5.2 billion in operating losses the year before. …

Intel to make world's largest AI chip factory in the US, spend over $100 billion across four states
1 year ago

Intel to make world's largest AI chip factory in the US, spend over $100 billion across four states

Firstpost  

Intel CEO Pat Gelsinger wants to build the largest AI chip manufacturing site in the world near Columbus, Ohio. The AI chip factory will be the centrepiece of Intel’s ambitious five-year spending plan to expand in the US Intel wants to build the world's largest AI chip making factory in Ohio, and plans to have it operational by 2027. Image …

HCLTech, Intel Foundry expand collaboration for global semiconductor innovation
1 year, 1 month ago

HCLTech, Intel Foundry expand collaboration for global semiconductor innovation

The Hindu  

HCL Technologies is expanding a longstanding collaboration with Intel Foundry to co-develop customised silicon solutions for semiconductor manufacturers, system OEMs, and cloud services providers to enhance foundry services, according to a release on Thursday. The partnership brings together HCLTech's design expertise with Intel Foundry's advanced technology and manufacturing capabilities to establish a resilient and diversified supply chain, marking a new …

Intel Says Many PC Brands Using Its New AI-enabled Chip, Wants People To Upgrade PCs
1 year, 3 months ago

Intel Says Many PC Brands Using Its New AI-enabled Chip, Wants People To Upgrade PCs

News 18  

-Intel on Thursday said that dozens of personal computer makers are using its newest chip, as the company and its customers try to entice consumers to upgrade their machines for a new era of chatbots. At a press event in New York, Intel said the new offering will be available in laptops from Dell Technologies, Microsoft, Lenovo Group and others …

Amazon is investing up to $4 billion in AI startup Anthropic in growing tech battle
1 year, 6 months ago

Amazon is investing up to $4 billion in AI startup Anthropic in growing tech battle

Associated Press  

Amazon is investing up to $4 billion in Anthropic and taking a minority stake in the artificial intelligence startup, the two companies said Monday. Amazon and Anthropic said the deal is part of a broader collaboration to develop so-called foundation models, which underpin the generative AI systems that have captured global attention. Under the agreement, Anthropic is making Amazon its …

Intel adds Synopsys IP to advanced contract manufacturing
1 year, 7 months ago

Intel adds Synopsys IP to advanced contract manufacturing

The Hindu  

Chip design tools maker Synopsys has signed a deal to bring its technical building blocks to the advanced contract manufacturing Intel offers, the companies said on Monday. The two companies said Synopsys would offer a portfolio of designs that will work with Intel's advanced manufacturing capabilities Intel 3, and Intel 18A. Intel and Synopsys said that there was a framework …

Intel Let Google Cloud Hack Its New Secure Chips and Found 10 Bugs
55 years, 2 months ago

Intel Let Google Cloud Hack Its New Secure Chips and Found 10 Bugs

Wired  

Google Cloud and Intel released results today from a nine-month audit of Intel's new hardware security product: Trust Domain Extensions. Security researchers from Google Cloud Security and Google's Project Zero bug-hunting team collaborated with Intel engineers on the assessment, which initially turned up 81 potential security issues that the group investigated more deeply. The project is part of Google Cloud's …

Intel and Arm announce chip design collaboration
1 year, 11 months ago

Intel and Arm announce chip design collaboration

The Hindu  

Intel Foundry Services and Arm on Wednesday announced a multi-generational agreement that will let chip designers build low-power compute system-on-chips on the Intel 18A process. The Intel 18A process technology delivers transistor technologies for enhanced power and performance. “Intel’s collaboration with Arm will expand the market opportunity for IFS and open up new options and approaches for any fabless company …

Intel splits graphic chip unit, Alphabet links more of CEO Sundar Pichai’s pay to performance, and more
2 years, 3 months ago

Intel splits graphic chip unit, Alphabet links more of CEO Sundar Pichai’s pay to performance, and more

The Hindu  

Intel splits its graphic chip unit into two as it doubles down on accelerated computing To compete with Nvidia Corp. and realign its business, Intel is splitting its graphic chip unit into two. The consumer graphics unit will be combined with Intel’s client computing group, which makes chips for personal computers, while accelerated computing teams will join its data center …

Intel expands developer cloud to enable customers to try out new chips
2 years, 5 months ago

Intel expands developer cloud to enable customers to try out new chips

The Hindu  

Intel Corp. plans to expand the Intel Developer Cloud to allow customers to try a range of new chips before they hit the market, a move it hopes will lure more application developers to use its processors, the company said on Tuesday. "In some ways Intel is the biggest software company that you've never heard of," said Nick McKeown, who …

Intel to produce Taiwanese company MediaTek's chips
2 years, 8 months ago

Intel to produce Taiwanese company MediaTek's chips

The Hindu  

The manufacturing arrangement is one of the most significant deals Intel has announced since it launched its so-called foundry business early last year. TechInsights’ chip economist Dan Hutcheson said there were doubts in the industry on whether Intel could pull off the foundry business, but the deal with MediaTek shows it’s on the right path and its investments, including in …

Intel To Increase Chipset Prices Due To Rising Costs: What It Means For You
2 years, 8 months ago

Intel To Increase Chipset Prices Due To Rising Costs: What It Means For You

News 18  

-Intel Corp said on Thursday it has started informing customers of its plan to raise prices for many of its chip products due to rising costs, a move that the company had first hinted in its first-quarter earnings call on April 28. The price increases could come into effect in autumn and the percentage increases are likely to range from …

Google’s cloud unit taps Arm-based chips, adding to Intel, AMD pressure
2 years, 8 months ago

Google’s cloud unit taps Arm-based chips, adding to Intel, AMD pressure

The Hindu  

Alphabet Inc's Google Cloud unit on Wednesday said it will start adopting computing chips based on technology from Arm Ltd, making it the latest company to join a transition that will take market share from Intel Corp and Advanced Micro Devices. In the four years since, Arm's technology, which it licenses to other companies to weave into complete chips, has …

Intel launches new AI chips, challenging Nvidia’s market
2 years, 10 months ago

Intel launches new AI chips, challenging Nvidia’s market

The Hindu  

Intel Corp on Tuesday launched a new chip called Gaudi2 focused on artificial intelligence computing, as the chip manufacturer makes a bigger push into the AI chip market currently dominated by Nvidia Corp. Gaudi2 is the second generation processor by Habana Labs, an Israeli AI chip startup Intel bought in late 2019 for about $2 billion. “CUDA is not a …

Chip Giant AMD to Buy This Cloud Startup For $1.9 Billion: All Details
2 years, 11 months ago

Chip Giant AMD to Buy This Cloud Startup For $1.9 Billion: All Details

News 18  

– Chip designer Advanced Micro Devices said on Monday it would acquire cloud startup Pensando for $1.9 billion to bolster its data center products and capitalize on booming demand from cloud and enterprise sectors. The startup makes a fully programmable processor and a software platform, which helps enterprise clients and data center customers to function more like cloud computing data …

Intel to buy Israel’s Tower Semiconductor in $5.4BN deal
3 years, 1 month ago

Intel to buy Israel’s Tower Semiconductor in $5.4BN deal

Al Jazeera  

The acquisition will give Intel an edge in the business of producing specialty chips used in cars and mobile devices. Intel said it is buying Israeli company Tower Semiconductor for $5.4bn in a deal that could give the United States chipmaking giant an edge in the business of making custom-designed chips. Intel CEO Pat Gelsinger said Tuesday that acquiring Tower …

Intel to build $20B Ohio chip facility amid global shortage
3 years, 2 months ago

Intel to build $20B Ohio chip facility amid global shortage

Associated Press  

COLUMBUS, Ohio — Chipmaker Intel said Friday it will invest $20 billion to build a new factory in Ohio, an attempt to help alleviate a global shortage of chips powering everything from phones to cars to home appliances while also signaling the giant company’s commitment to manufacturing crucial technology products in the U.S. You can think about this as a …

Intel plans $20 bln chip manufacturing site in Ohio
3 years, 2 months ago

Intel plans $20 bln chip manufacturing site in Ohio

The Hindu  

Intel Corp will invest $20 billion in two new plants in Ohio to make advanced chips, the company said on Friday, the first step to a "mega-site" that can accommodate eight chip factories costing $100 billion. Chief Executive Pat Gelsinger is driving Intel plans to expand, especially in Europe and the United States, as it seeks to heat up competition …

Intel will build Ohio computer chip factories amid global shortage
3 years, 2 months ago

Intel will build Ohio computer chip factories amid global shortage

LA Times  

Intel will spend $20 billion on a new semiconductor manufacturing facility in Ohio. Intel will invest $20 billion in a new computer chip facility in Ohio amid a global shortage of microprocessors used in a wide variety of products, including phones, cars and video games. “Intel’s work is essential to our efforts to rebuild America’s chip building capacity and create …

Intel to build $20BN chip factory in Ohio
3 years, 2 months ago

Intel to build $20BN chip factory in Ohio

Al Jazeera  

The chipmaker hopes to alleviate a global shortage of chips powering everything from phones to cars. Chipmaker Intel said it will invest $20bn to build a new factory in Ohio in the United States, an attempt to help alleviate a global shortage of chips powering everything from phones to cars to home appliances while also signalling the giant company’s commitment …

Intel shows research for packing more computing power into chips beyond 2025
3 years, 3 months ago

Intel shows research for packing more computing power into chips beyond 2025

The Hindu  

Research teams at Intel Corp on Saturday unveiled work that the company believes will help it keep speeding up and shrinking computing chips over the next ten years, with several technologies aimed at stacking parts of chips on top of each other. While Intel CEO Pat Gelsinger has laid out commercial plans aimed at regaining that lead by 2025, the …

Amazon's cloud unit launches new chips to take on Intel, Nvidia
3 years, 3 months ago

Amazon's cloud unit launches new chips to take on Intel, Nvidia

The Hindu  

Amazon.com Inc's cloud computing unit on Tuesday introduced two new custom computing chips aimed at helping its customers beat the cost of using chips from Intel Corp and Nvidia Corp. With $45.37 billion in sales in 2020, Amazon Web Services is the world's biggest cloud computing provider and one of the biggest buyers of data center chips, whose computing power …

Intel to invest up to 80 bln euros in boosting EU chip capacity-CEO
3 years, 6 months ago

Intel to invest up to 80 bln euros in boosting EU chip capacity-CEO

The Hindu  

Intel Corp on Tuesday said it could invest as much as 80 billion euros in Europe over the next decade to boost the region's chip capacity and will open up its semiconductor plant in Ireland for automakers. Intel CEO Pat Gelsinger, speaking at Munich's IAA auto show, also said the company would announce the locations of two major new European …

Intel to make Qualcomm chips, provide chip packaging to Amazon’s AWS business
3 years, 7 months ago

Intel to make Qualcomm chips, provide chip packaging to Amazon’s AWS business

The Hindu  

Intel said on Monday it will start building Qualcomm chips and revealed a roadmap for its new Intel foundry services. The company had previously announced foundry services as an important part of its new business plan under CEO Pat Gelsinger where Intel would expand beyond making its own chips to manage production for third-party companies. With the new foundry business …

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