TSMC's chief executive has warned that Intel Foundry is a 'formidable' rival in the chipmaking industry at the company's most recent earnings call. Despite not yet landing many high-volume external customers, Intel's semiconductor production operations remain among the largest in the industry, a fact now more keenly felt by TSMC.
"We view Intel as our formidable competitor and do not underestimate them," said C.C. Wei, chief executive of TSMC, during the company's latest earnings call this week. "But having said that, there are no shortcuts. The fundamental rules of the foundry game never change: they need the technology leadership, manufacturing excellence, customer trust, and most of all, the service [to win market share]."
