This includes the reorganization of Intel’s business units to capture growth and provide increased transparency, focus and accountability. Intel previously announced several organizational changes. Intel signs MediaTek as foundry customer.Intel confirms $20bn fab and foundry in Ohio.Intel confirms German fabs in €80bn European investment.Both Samsung and TSMC are shipping 3nm parts in volume later this year.
The company expects its Intel 4 4nm process to start volume production later this year and says it is on schedule with the Intel 3, 20A and 18A process technologies. This comes as the company plans a huge investment in capacity at new sites in Ohio and Germany with significant government support from the US and European Chips Acts. We are embracing this challenging environment to accelerate our transformation.” “We are being responsive to changing business conditions, working closely with our customers while remaining laser-focused on our strategy and long-term opportunities. The sudden and rapid decline in economic activity was the largest driver, but the shortfall also reflects our own execution issues,” said Pat Gelsinger, Intel CEO who took over in February 2021. “This quarter’s results were below the standards we have set for the company and our shareholders. Intel sells NAND business and China fab for $9bn.Intel’s Optane memory business lost more than $500m.The company has also sold off six businesses, including the drones used for lightshow activity and commercial monitoring and winding down its ill-fated Optane 3D crosspoint memory business.
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