Intel CEO @PGelsinger just announced Intel is going to become an open foundry for US and European customers. Intel Foundry Services business unit wins support from Microsoft, Google, Amazon, Cisco, others. Thread/
$20B investment in a new chipmaking fab in Arizona, and more Intel capacity will come later, Gelsinger said. 2/
More Intel capacity in US dovetails with current political push to bring tech supply chain back to US. (TSMC in Taiwan currently leads chip manufacturing.) Intel indicates US government is interested as a customer. 3/
Intel gets a new partnership in chip technology and packaging with IBM. Former fab rival with still a lot of R&D. "Will bolster US competitiveness," IBM CEO says. 4/
Right now there is a huge shortage of processors that is crippling manufacturing of cars and other products. But don't expect Intel's new foundry capacity to arrive soon enough to fix that problem. 5/
Gelsinger promised a "steady cadence of leadership products ... In every category" 6/
Intel's first effort at being a foundry for chip manufacturing was "weak," Gelsinger says. 7/
In addition to dedicated capacity, Intel foundry services will have its own profit and loss line. It's a separate business unit with more Intel commitment than last time around. 8/
Conclusions from @PGelsinger: "Intel is back. The old Intel is now the new Intel as we look to the future." 9/
Notably, Intel's intellectual property options will let it build not only x86 chips for customers (Intel's Core and Xeon families are x86 chips) but also Arm and RISC-V chips. This is a very different Intel. 10/ Story: cnet.com/news/intel-wil…
Two analysts are profoundly skeptical about Intel's foundry effort. One I quoted in the story. And today SIG's Christopher Rolland: "It didn’t work last time. It won’t work this time. But Intel may garner some US-based tax incentives." 11/
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