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Intel CEO Pat Gelsinger today launched Intel Foundry as a sustainable systems foundry business designed for the AI era.
The word “foundry” means that Intel will make chips designed by other companies, and it is spending billions of dollars upgrading its manufacturing capacity and designing its manufacturing nodes to keep up with the needs of external chip designers. Gelsinger believes that this huge investment is necessary to take the AI boom to its next level.
Years ago, Intel was the world’s biggest chip maker and it did a fine job keeping its factories humming with chips designed by Intel engineers. But times are different now, with rivals such as Nvidia and Advanced Micro Devices making gains on chip design while TSMC and Samsung are commanding big chunks of the chip manufacturing market.
Gelsinger wants to beat those companies with IDM 2.0, a strategy that refers to “integrated device manufacturer” where Intel both designs chips and makes them too. Most other chip makers can’t afford factories and have chose to farm out the manufacturing to the likes of TSMC and Samsung. This strategy represents a doubling down on what Intel used to do so well — before Intel’s prior CEO lost focus and the board had to bring Gelsinger back to his former company, this time as CEO, in 2021.
Today, Intel is talking about what comes next after its monumental feat of creating the 18A manufacturing process and developing five manufacturing nodes in four years in a bid to say that “Moore’s Law” isn’t dead. With AI driving demand for high-end chips and the U.S. government funding chip manufacturing through the CHIPS Act, Gelsinger’s bet has a very good chance of paying off.
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VentureBeat: There’s a piece here where you compete like hell … and a world-class product provider. If we come back to the starting theme of the discussion, I would say I’m the only company that has 100% of the AI TAM available quite substantial enhancements and making the most of current opportunities.
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