Analysis Three years after CEO Pat Gelsinger announced that Intel would create a foundry business that took on contract manufacturing, Chipzilla has committed to spending more than $185 billion on new and existing factories, packaging and test sites.
Intel's crazy plan for AI chips WORKS! (Supercut)
Now with $8.5 billion in US CHIPS Act grants in hand and up to $11 billion in loans secured, Intel Foundry – an independently managed unit under the Intel umbrella – is moving forward with its plan to become the number two foundry operator behind TSMC in 2030.
In a report published on Monday, Intel offered an update on how its ten biggest projects are going – and it looks like it'll be a while before it's ready to jump over Samsung and give TSMC a shot.
US-based Intel has made domestic manufacturing a priority. So far, that intention has seen it announce four new fab sites in the state – two in Arizona and a pair in Ohio.
