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Intel Forges Foundry Chip Collaboration With This TSMC Partner After Qualcomm, Amazon

·1 min read
  • Intel Corp (NASDAQ: INTC) and Media Tek Inc (OTC: MDTKFcollaborated to manufacture chips using Intel Foundry Services' (IFS) advanced process technologies.

  • Intel said the first products would be manufactured in the next 18- to 24- month period and will be in a more mature technology process called Intel 16, with the chips used for smart devices, Reuters reports.

  • In addition to maintaining a close partnership with Taiwan Semiconductor Manufacturing Co Ltd (NYSE: TSM) in advanced process nodes, this collaboration will enhance MediaTek's supply for mature process nodes.

  • The alliance aimed to help MediaTek build a more balanced, resilient supply chain by adding a new foundry partner with significant capacity in the U.S. and Europe.

  • MediaTek looks to use Intel process technologies to manufacture multiple chips for various smart edge devices.

  • IFS offers a broad manufacturing platform with technologies optimized for high performance, low power, and always-on connectivity.

  • Intel previously disclosed foundry business collaborations with Qualcomm Inc (NASDAQ: QCOM) and Amazon.com Inc (NASDAQ: AMZN).

  • Qualcomm used Intel's new transistor technology to reduce chips' power consumption. Amazon used Intel's packaging technology.

  • Price Action: INTC shares traded lower by 0.94% at $38.83 on the last check Monday.

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