Intel separates chip-making division for partners in response to crisis

Intel continues to take administrative measures to control the negative financial results of recent quarters. Now, here is the news the company announced this Monday (16): Separating Intel Foudry from the rest of the company and make it a separate branch.

The new subsidiary is responsible only for chip production for other companiesThose who want to use Intel’s existing framework and tools. This is a similar service to what other companies like Taiwan’s TSMC and Samsung’s foundry unit already provide.

The statement to employees was signed by the company’s CEO, Pat Gelsinger. According to the note, Intel Foundry command will remain the same and report to senior managementwith this difference The unit will now have its own board of directors.

“in addition to”Improve collaboration” With Intel products, new section may receive separate investments This is something that has already been confirmed by a new incentive from the United States government, which aims to strengthen the US’s image as a chip manufacturing location, which could greatly help the new subsidiary.

Intel’s survival plan

The extent to which Intel Foundry is separated from the rest of the company will also help the brand’s financial health. The latest financial report revealed that the sector suffered the most from operational losses; capital expenditures for equipment and building construction are high in this area and it can take time for gains to emerge.

Intel announced 15% layoffs and cost-cutting plans in August. Save up to $10 billion on current bills. Including part of the new strategy selling part of the company’s stake in AlteraIt may soon offer its own shares to the public.

In addition to the financial crisis, Intel has recently had to deal with serious problems in the production of its 13th and 14th generation processors.