Intel's Foundry Business Has $10 Billion Locked In
The biggest shift in 's (NASDAQ: INTC) strategy over the past few years under CEO Pat Gelsinger has been opening up its manufacturing operations to third parties. This isn't the first time Intel has attempted to build its own foundry business -- it tried and failed for about five years ending in 2018, although that effort was much narrower than what it's now aiming to accomplish.
This time around, Intel is all in. Manufacturing has been broken out into a separate business unit, and the company plans to regain its manufacturing edge over TSMC by early 2025 with its advanced Intel 18A process node. It has been picking up customers for Intel 18A, as well as for its advanced packaging services, although details have been scarce.
The fact that Intel is even capable of catching up technologically to TSMC after so many years of rampant manufacturing delays is almost a miracle. If the company can pull it off, the foundry business could one day be the largest source of revenue for Intel.
Source Fool.com
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