Intel's CEO Lip-Bu Tan emphasized the importance of the company's foundry business during a recent interview, stating it is a key component of Intel's revitalization efforts. The foundry aims to produce semiconductors for external customers, marking a shift from Intel's historical focus on in-house chip production.
Since Tan's appointment in March 2025, Intel's shares have increased over 300%, reflecting investor confidence in his leadership. Tan noted significant progress in Intel's advanced 18A manufacturing process, which is critical for profitability and customer trust in the foundry sector.
He reported yield improvements exceeding expectations, with a monthly increase of 7% to 8%, which is attracting interest from potential customers. Although Tan did not confirm specific clients, reports suggest Intel is in preliminary discussions with Apple to produce some of its chips.
Looking ahead, Tan anticipates securing commitments from multiple foundry customers in the latter half of the year. He also highlighted the strategic importance of the foundry for the U.S. semiconductor supply chain, as most advanced processors are currently manufactured overseas. Tan mentioned ongoing projects in Arizona and Ohio, with the latter facing delays.
He expressed optimism about future manufacturing processes, including the upcoming 14A process, which could rival industry leader TSMC