Intel CEO says foundry business is gaining momentum as customer interest grows
Intel's foundry business is gaining momentum, according to CEO Lip-Bu Tan. The company is making progress in its manufacturing capabilities, which is attracting customer interest. Tan emphasized the importance of the foundry business for both Intel's turnaround and the U.S. semiconductor supply chain.
- ▪Intel's external manufacturing business is becoming a key part of the company's turnaround strategy.
- ▪The company has seen a surge in shares since Tan became CEO, reflecting investor confidence in its foundry ambitions.
- ▪Tan reported improvements in Intel's advanced 18A manufacturing process, which is crucial for profitability.
Opening excerpt (first ~120 words) tap to expand
Intel CEO Lip-Bu Tan said Monday that the company's external manufacturing business is gaining traction, emerging as a key piece of the chipmaker's turnaround. "Foundry is very important," Tan told Jim Cramer on CNBC's "Mad Money." "It's one of the key national treasures."Intel's manufacturing business, known as foundry, is of the most expensive and crucial parts of the company's revitalization strategy. It is designed to manufacture semiconductors for outside customers while helping rebuild advanced chip production capacity in the U.S. after years of overseas dominance. Historically, Intel's factories only produced its own chips used in personal computers and data center servers. Tan's predecessor, Pat Gelsinger, championed the pricey external foundry strategy.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at CNBC — Top.
Discussion
0 commentsMore from CNBC — Top
