Intel: Our Purpose Is to Turn into Second Largest Foundry by 2030

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When Intel established its Intel Foundry Companies division in early 2021, it was clear that it wanted the contract chipmaking unit to be on par with Samsung and Taiwan Semiconductor Manufacturing Co. by way of scale as fabs and manufacturing nodes are getting costlier. The objective was formidable from the beginning, and it appears to be like like the corporate intends to be quite aggressive too because it plans to develop into the second largest foundry by 2030.

Huge Ambitions

“Our ambition is to be the No. 2 foundry on the planet by the tip of the last decade, and [we] anticipate to generate main foundry margins,” stated Randhir Thakur, the president of Intel Foundry Companies, in an interview with Nikkei Asia

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