Is it just me, or is it worrying how companies keep packing up and selling off the only parts of their businesses that actually, you know, make stuff, in favor of becoming full time bullshit peddlers?
How else are they going to maximize wealth extraction?
They hope to incentivise customers to use intel foundries by splitting them off. Intel compete with AMD and nvidia in many segments, so neither of these companies would want to manufacture their products at intel. But turning their foundries into a separate company could maybe change that (probably not). Their foundries also bleed money like crazy, separating them could stabilize share prices for the ‘main’ intel brand.
Intel Foundry scores $3B for defense chips
On a busy Monday, Intel also revealed it won up to $3 billion in funding under the CHIPS and Science Act to establish a secretive manufacturing program called the “Secure Enclave.”This is probably the saving grace for Intel, USA will not allow to be dependent on production outside USA, and AFAIK there are no other remaining US foundries left that are remotely competitive with a world leading production process.
