Even as its earnings guidance failed to meet analyst estimates, Intel's latest earnings call provided upgrades about its ongoing expansion towards a contract manufacturing foundry model. Ahead of yesterday's release, the chip giant announced that it had entered into a partnership with Taiwan's United Microelectronics Corporation (UMC) to develop a new process node that will manufacture chips in the U.S. This will be part of Intel's Intel Foundry Services (IFS) business division, i.e., the firm's contract manufacturing business which aims to compete with the world's largest contract chip manufacturer, the Taiwan Semiconductor Manufacturing Company (TSMC). Intel Touts Key Contract Foundry […]
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