Intel CEO Charts Comeback on Foundry Model TSMC Mastered
- New strategy turns rivals into customers and suppliers
- Intel stock jumps on new CEO plan, but some analysts are wary
This article is for subscribers only.
Intel Corp. unveiled a grand plan Tuesday to restore its past chipmaking glory. To succeed, new Chief Executive Officer Pat Gelsinger must embrace a strategy the old Intel never dreamed of: playing nice with rivals.
“Intel is back. The old Intel is the new Intel,” he said. “We’re going to be leaders in the market and we’re going to satisfy the new foundry customers, because the world needs more semiconductors and we’re going to step into that gap in a powerful and meaningful way.”