During a virtual presentation on March 23, 2021, Intel CEO Pat Gelsinger outlined the company’s path forward to manufacture, design and deliver leadership products and create long-term value for stakeholders. During the “Intel Unleashed: Engineering the Future” webcast, Gelsinger shared his vision for “IDM 2.0,” a major evolution of Intel’s integrated device manufacturing model. Gelsinger announced significant manufacturing expansion plans, starting with an estimated $20 billion investment to build two new factories in Arizona. He also announced Intel’s plans to become a major provider of foundry capacity in the U.S. and Europe to serve customers globally.
Intel is making major investments in expanding its U.S. based chipmaking capabilities
Intel will offer Foundry Services, making its factories available for other companies to build their chips