Gelsinger Places $20B Bet And Upends Its Manufacturing Strategy To Return Intel To Growth
Today, Gelsinger announced Intel's Integrated Device Manufacturing (IDM) 2.0 strategy. Intel billed IDM 2.0 as a "powerful combination of Intel's internal factory network, third-party capacity and new Intel foundry services. The company announced it would invest in manufacturing expansion with a $20 billion investment to build two new fabs in Arizona. The fabs are expected to be online by 2024...
Read more...