Intel Foundry records 7 billion loss, but better times are ahead
Intel is both chip designer and chipmaker, but its Foundry business recorded a $7 billion loss in 2023. It's significantly more than the 5.2 billion loss that the unit suffered in 2022, but CEO Pat Gelsinger says improvement in on the horizon.
Intel announced the figures during an earnings call ... Read more
‘300,000 extra Nvidia chips per month thanks to Intel deal’
Nvidia can't handle the demand for GPUs as it stands. TSMC cannot produce enough of the company's H100 chips, so it appears Intel Foundry Services is coming to the rescue.
Sources within the chip industry state that the deal between Nvidia and Intel Foundry Services involves 5,000 wafers per mon... Read more
Intel to still produce Tower chips after billion-dollar acquisition falls through
Intel and Israeli chip maker Tower Semiconductors are still set to work closely together, despite the cancelled acquisition that would have been worth more than 5 billion euros. Tower is investing 280 million euros ($300 million) in Intel Foundry Services' plant in New Mexico to produce 65nm proces... Read more
Intel commits $1B to grow its Intel Foundry Services (IFS) business
Intel is launching a fund to invest in technologies and companies that can aid its foundry business to shorten the time it takes to bring new processors to the market. To facilitate the initiative, the company is setting aside $1 billion.
The project is a collaboration between Intel’s venture ... Read more