2 new Intel chip units coming up
CHIP maker Intel has announced to invest $20 billion for two new manufacturing facilities in the US, along with plans to outsource more of its chip production to third-party foundries.
New Intel CEO Pat Gelsinger
San Francisco: CHIP maker Intel has announced to invest $20 billion for two new manufacturing facilities in the US, along with plans to outsource more of its chip production to third-party foundries.
New Intel CEO Pat Gelsinger also unveiled a new branch of the company called Intel Foundry Services, to become a major provider of foundry capacity in the US and Europe to serve customers globally.
During the "Intel Unleashed: Engineering the Future" webcast, Gelsinger shared his vision for "IDM 2.0," a major evolution of Intel's integrated device manufacturing (IDM) model.
"We are setting a course for a new era of innovation and product leadership at Intel," said Gelsinger.
"IDM 2.0 is an elegant strategy that only Intel can deliver - and it's a winning formula. We will use it to design the best products and manufacture them in the best way possible for every category we compete in," he said in a statement late on Tuesday.
Gelsinger also re-affirmed the company's expectation to continue manufacturing the majority of its products internally.