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Intel's CEO Pat Gelsinger has revealed the firm's intention to enter the "custom chip" business, catering to every type of client, including AMD.
With plans to trim $10 billion from its budget, Intel is halting plans to build a cutting-edge foundry in the green fields of Magdeburg, Germany for around two years. The facility was originally intended to start construction in 2023, with production beginning in late 2027.
Intel is showing massive optimism toward its next-gen Lunar Lake CPUs since its CEO believes it will break the "short-lived" ARM CPU's dominance over the markets.
It's been a tough year for Intel. Chip crashing issues, dismal financial results, and the announcement of mass layoffs have taken the chip maker from a brand thought off as one of the giants in the industry, to one that seems to be beset by troubles on all fronts.
Intel is now working with investment banks to recover from the "worst" financial period the firm has faced in its history, and there are rumors that Intel might scrap some existing projects.
Intel is expected to face a massive lawsuit, too, from its shareholders, who believe that the firm "blindsided" them with the recent earnings call.
In a break from his usual sideline of posting pithy excerpts from the Bible (yes, really), Intel CEO Pat Gelsinger has been bigging up Panther Lake, a next-gen CPU from Intel based on the company's upcoming 18A process node.
Let's begin with a brief recap of the current state of play at Intel. For starters, despite bold promises to regain technology leadership, it remains miles behind TSMC (Taiwan Semiconductor Manufacturing Company Limited) in chip manufacturing and indeed is increasingly relying on TSMC to manufacture its latest and future CPUs, such as Meteor lake, Lunar Lake and Arrow Lake.
NVIDIA now looks to add more "CoWoS" suppliers to its pool, & one of the leading names popping up is none other than Intel Foundry.