Intel Investing $20B in Building Foundry Business

Find the Latest SoC Solutions
for... Automotive... IoT... Security... Audio... Video

Intel is spending $20 billion to build two foundries in Arizona, with plans to serve customers in North America and Europe.

www.eetasia.com, Mar. 25, 2021 – 

Intel is going to dive headlong into the foundry business, starting with a $20 billion investment in not one but two fabs in Arizona. New CEO Pat Gelsinger said the company is establishing the contract manufacturing endeavor as a standalone business called Intel Foundry Services (IFS).

IFS will be run by Randhir Thakur, a longtime executive at Applied Materials who joined Intel in 2017 to manage the company's global supply chain; he most recently held the title of chief supply chain officer. Thakur will report directly to Gelsinger.

"We are ready to engage with customers today," Gelsinger said.

click here to read more...

 Back