Intel CEO Gelsinger Announces Strategy-To Realize “World-Class Foundry Business”

Intel CEO Pat Gelsinger talked about the company’s strategy to recover from years of difficult situations during its first major briefing since taking office on March 23. .. Gelsinger worked for Intel for about 30 years before becoming CEO of VMware. He looked back on Intel’s culture cultivated under Gordon Moore, Bob Noyce, and Andrew Grove.
The event, entitled “Intel Unleashed,” was delivered as a live video on the news page of the company’s official website. Gelsinger announced $ 20 billion as part of a plan to address issues in the 7-nanometer (nm) manufacturing process and to expand production capacity in the United States and Europe. It included investing in the construction of two new factories in Arizona, USA, and launching a world-class foundry business. He also said Intel’s performance is expected to exceed the earnings outlook announced in January. Gelsinger described the latest developments on issues with the 7nm manufacturing process, which have been allegedly delayed in planning many times in recent years. According to him, 7nm manufacturing is on track by reviewing the architecture and expanding the use of EUV (extremely short ultraviolet lithography), which simplifies the process flow. EUV was still a new technology in the early stages of designing the 7nm manufacturing process, so it was used only in a limited way. Gelsinger explained that Intel has fixed the problem and “has a strong partnership” with ASML, a manufacturer of EUV exposure equipment. “We plan to tape in 7nm compute tiles for’Meteor Lake’by the end of 2021,” Gelsinger said, adding that he plans to have a client CPU in 2023. He also talked about the upcoming GPU chip “Ponte Vecchio”. It is expected to be used in supercomputers. Gelsinger also described “IDM 2.0, the next evolution of Intel’s IDM model.” He said IDM 2.0 is “a combination of leadership in three directions.” The first direction, as Gelsinger said in January, is to allow most of our products to be produced in our own factories. Second, Intel will also leverage external foundries. “We are expanding our engagement with TSM, Samsung, GlobalFoundries and UMC,” Gelsinger said. As a third direction, Intel aims to develop a “world-class foundry business.” He said he can expect a market size of $ 100 billion in 2025. The division responsible for this business, Intel Foundry Services, will be under the direct control of Gelsinger.