Feature
- The CEO of Intel, Pat Gelsinger, underlined the importance of their foundry efforts in achieving IDM 2.0’s promise.
- Intel is steadfastly moving forward, planning to reclaim the top spot in transistor and power performance by 2025.
- Stuart Pann, SVP and GM of IFS, emphasized the development since the start of Intel Foundry Services (IFS) in 2021.
Tower Semiconductor and Intel Corporation have mutually terminated the deal to buy the latter, according to an announcement. Because we couldn’t obtain the necessary regulatory permissions in the allotted time, we had to make the choice. The Feb. 15, 2022, initial date of the merger agreement is now void. Tower Semiconductor will receive a $353 million termination fee from Intel under the contract’s provisions.
Intel’s Commitment to Foundry Strategy and IDM 2.0
- The CEO of Intel, Pat Gelsinger, underlined the importance of their foundry efforts in achieving IDM 2.0’s promise.
- Intel is steadfastly moving forward, planning to reclaim the top spot in transistor and power performance by 2025.
- The business consistently implements its roadmap to enhance customer interactions and the larger ecosystem.
- To meet the demands of the global manufacturing market, Intel continues to invest in a strong and flexible manufacturing infrastructure.
- Pat Gelsinger stated a persistent desire to look into potential future working relationships with Tower Semiconductor.
Intel Foundry Services (IFS) Pioneering Innovation
- Stuart Pann, SVP and GM of IFS, emphasized the development since the start of Intel Foundry Services (IFS) in 2021.
- By the end of the decade, IFS will have made significant progress toward becoming a top global external foundry by gaining momentum with clients and partners.
- IFS sets itself apart as the first open system foundry in the world by providing a distinctive technology portfolio and manufacturing know-how beyond conventional wafer manufacture.
IFS’s Achievements and Momentum
- In Q2 2023, IFS saw a stunning YoY revenue increase of over 300%.
- Collaboration between Intel and Synopsys to create intellectual property (IP) for the Intel 3 and Intel 18A process nodes is a crucial accomplishment.
- Intel was awarded the first stage of the U.S. Department of Defense’s Rapid Assured Microelectronics Prototypes – Commercial (RAMP-C) initiative.
- On Intel 18A, five RAMP-C clients are actively working on design projects.
- Intel and Arm came to a multi-generational agreement to facilitate the development of low-power computation system-on-chip (SoC) on the 18A technology.
- IFS used its cutting-edge process technologies to forge a strategic alliance with MediaTek.
Read more:- Intel and Synopsys Strengthen Partnership for Advanced Process Node IP Development
Looking Ahead with Prudent Caution
- The announcement contains forward-looking statements, recognizing potential risks and uncertainties affecting Intel’s business strategy and plans.
- Changes in demand, competitive pressures, technological improvements, manufacturing complexity, and global economic situations might influence results.
- Intel underscores the unpredictability of new product development, supply chain risks, regulations, and geopolitical impacts in their statement.
- It is also accepted that the COVID-19 pandemic influences.
- The business pledges to uphold its disclosure requirements while highlighting that it is not obligated to change representations unless the law requires it.
