Pauses European fabs, scores secret US gig, teams up with Amazon, re-orgs its innards, and more!
Intel will spin out its Foundry division as an independent subsidiary with its own board, in the hopes of bringing in new sources of capital for the ailing business unit.by CEO Pat Gelsinger, comes just months after Chipzilla made the Foundry division a separate line item on its financial disclosures."It provides our external Foundry customers and suppliers with clearer separation and independence from the rest of Intel," he wrote.
Intel didn't provide specifics on the chip, but it appears that making the silicon stateside is a key element of the deal. The x86 giant specifically called out the state of Ohio, where it is building out a pair of leading edge fabs and where AWS is investing $7.8 billion to expand its datacenter footprint.
The program marks Intel's latest tie up with the Department of Defense and aims to secure the supply of leading-edge semiconductors. While Intel prioritizes its US investments, it seems its European investment plans are stalled – or possibly over. "There are no changes to our other manufacturing locations. We remain committed to our US manufacturing investments and are moving forward with our projects in Arizona, Oregon, New Mexico, and Ohio," Gelsinger wrote.Intel's internal alignments will also see major changes as the x86 giant consolidates its Edge and Automotive businesses into its Client Computing Group .
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