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TechRadar
TechRadar
Craig Hale

Intel splits off foundry business — new dawn for chip giant as it announces major transformation plans

Intel Corporation Patrick Gelsinger United States Intel Foundry Services
Close up of Pat Gelsinger on a conference stage against a pinkish-purple backdrop.

Intel has announced plans to establish a new Intel Foundry Services (IFS) spinoff – with the foundry business set to become its own standalone subsidiary.

The announcement, made by company CEO Pat Gelsinger, is said to align with three of Intel’s main goals, enhancing its foundry operations, cutting costs and focusing on its core x86 technology.

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