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The Latest Breaking News from Intel Foundry

Shareholders pay up as Intel ex-CEO Pat Gelsinger is reportedly set to depart with a $12 million golden handshake

Pat Gelsinger will enjoy almost $12 million in severance payments as he steps down as the CEO of Intel.

Tom’s Hardware

Down 53% YTD, Is Intel Stock Worth the Risk?

Intel, down 53% in 2024, just made a major change in its C-suite. Is this a dip-the-buy opportunity?

Barchart

Intel's $7.86B US Subsidy Restricts Sale Of Chipmaking Unit

Intel revealed that the U.S. government subsidies require it to retain at least 50.1% ownership of Intel Foundry if separated into a private entity, and limit sales to a single shareholder to 35% if the unit becomes public, before running into "change-in-control" provisions.

International Business Times

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Intel's CHIPS Act funding restricts the sale of foundry buisness — company has to maintain majority share if it spins off manufacturing unit

Intel must maintain control of Intel Foundry even in case it decides to spin it off into a separate private or public company.

Tom’s Hardware

Intel won't bring 3D V-Cache-like tech to consumer CPUs for now — next-gen Clearwater Forest Xeon CPUs will feature "Local Cache" in the base tile akin to AMD's 3D V-Cache

Intel confirms that its Clearwater Forest CPUs will separate the CPU cores and cache into separate tiles, mirroring AMD's X3D design. However, this tech won't be coming to the desktop anytime soon.

Tom’s Hardware

Is Beaten-Down Intel Stock Finally a Buy?

Once a chip industry superstar, Intel now finds itself left behind as rivals race ahead. But is the beaten-down chip stock finally a buy after its latest earnings?

Barchart

Intel Considers Selling Minority Stake In Altera Amid Financial Struggles: Report

Intel is reportedly targeting a valuation of $17 billion for Altera, a slight increase from the $16.7 billion it paid for the company nine years ago.

International Business Times

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Intel outlines a plan to get back in the game: Pause fab projects in Europe, make the foundry unit an independent subsidiary, and streamline the x86 portfolio

Intel reviews its projects and product plans as part of the turnaround plan introduced in August.

Tom’s Hardware

Intel Signs AI Chip Deal With Amazon, To Split Foundry Business As Separate Subsidiary

Intel closed a deal with Amazon to manufacture AI chips for the e-commerce company.

International Business Times

Intel announces it will 'pause' plans for a manufacturing megafab in Germany due to ongoing money trouble

Bad news for Intel and Europe's chipmaking ambitions.

PC Gamer

Intel reportedly lost PlayStation 6 chip design contract to AMD in 2022 — the $30 billion deal was up for grabs

Intel lost out to AMD in its bid to design and fabricate processors for the upcoming Sony PlayStation 6. According to three insiders, Intel and AMD were the two final contenders in the PS6 chip design and fabrication tender.

Tom’s Hardware

Intel may lose billions of dollars once set aside by the US CHIPS Act, unless it can get its act together

Intel is set to receive $8 billion in funding from the US Chips Act and an additional $11 billion in loans. But that funding may be in jeopardy due to the chipmaker's struggles.

Windows Central

Looks like Intel has quietly killed the 20A process, announcing that no Arrow Lake chip will use its first Angstron Era node

The Intel 20A process seems like it's going to go down in history as purely a test platform for backside power and GAAFET.

PC Gamer

Intel mulls spinning off its manufacturing division

Intel is working with investment banks over strategic options regarding its manufacturing operations.

Tom’s Hardware

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Windows Central

Intel faces lawsuit and accusations of inflating its stock price by sharing 'materially false or misleading statements'

Intel now faces a lawsuit from its shareholders that claims the company shared false or misleading information about its manufacturing capacity. Intel announced 15,000 layoffs earlier this month and reported a net loss of $1.61 billion in the most recent quarter.

Windows Central

Dell will reportedly lay off 12,500 employees this week, bringing the total to 24,500 in 15 months

In a move to get "leaner," Dell will lay off thousands of employees this week. While the tech giant has not confirmed figures, estimates state 12,5000 jobs will be lost.

AnandTech

Intel 18A Status Update: First Chips Booting, First External Customer Tape-Out in H1’25

Following Intel’s painful Q2 earnings call and the announcement of their 2025 cost reduction plan last week, it has become increasingly evident that Intel’s future is in the hands of their foundry group. Between Intel’s IDM 2.0 initiative and their internal chip production plans, all roads lead back to Intel…

Tom’s Hardware

Intel loses $1.6 billion as data center CPU and foundry divisions struggle

Intel announces major cost-cutting plan to resize and refocus as it loses $1.6 billion on $12.8 billion revenue in Q2 2024.

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AnandTech

Intel Bleeds Red, Plans 15% Workforce Layoff and $10B Cuts For 2025

Amidst the backdrop of a weak quarterly earnings report that saw Intel lose money for the second quarter in a row, Intel today has announced that the company will be cutting costs by $10 billion in 2025 in an effort to bring Intel back to profitability. The cuts will touch…

Windows Central

"This is painful news for me to share. I know it will be even more difficult for you to read," Intel gears up for 15,000 layoffs in devastating cost cut

Announced today, Intel is laying off 15,000 staff as part of a massive $10 billion cost cutting program described as the "most consequential changes in Intel's history."

Tom’s Hardware

Intel hires Micron's technology development chief to lead Intel Foundry manufacturing operations

Naga Chandrasekaran joins Intel as head of Intel Foundry's worldwide manufacturing operations.

Tom’s Hardware

Intel's EMIB packaging tech is now supported by industry-standard design and test tools

EDA tools from Cadence, Siemens, and Synopsys now support Intel's EMIB interconnection technology.

Tom’s Hardware

Intel slapped with class action lawsuit over foundry revenues — litigants allege securities fraud

Class action attorneys call Intel investors to sue the company over not properly disclosing losses generated by the manufacturing division.

PC Gamer

Intel's latest processor is mostly made by its biggest manufacturing rival because it had 'a better process technology at that point in time'

Though for its successor, Panther Lake, "almost all of the tiles are on Intel."

AnandTech

Rapidus Adds Chip Packaging Services to Plans for $32 Billion 2nm Fab

To say that the global foundry market is booming right now would be an understatement. Demand for leading-edge process technologies driven by AI and HPC applications is unprecedented, and with Intel joining the contract chipmaking game, this market segment is once again becoming rather competitive as well. Yet, this is…

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