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Trump administration’s deal is structured to prevent Intel from selling foundry unit

techcrunch.com Rebecca Szkutak 2025-10-24 18:56:27

The Trump administration seems intent on controlling Intel’s ability to make key business decisions around its floundering foundry business unit. Intel’s CFO David Zinsner shared new details about the company’s recent deal with the Trump administration, which gave the U.S. government a 10% equity stake, at a Deutsche Bank conference on Thursday, according to reporting from the Financial Times. The deal was structured in a way to penalize Intel if it spins out its foundry business unit, which m

Topics: business deal disrupt foundry intel
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Intel gets $5.7 billion from Trump deal as White House says details are 'being ironed out'

cnbc.com Jonathan Vanian 2025-10-25 06:34:34

Intel CFO David Zinser said that the semiconductor giant received $5.7 billion from the U.S. government on Wednesday evening. Zinsner acknowledged the investment on Thursday during an investor conference. The investment is part of the White House's decision last Friday to take a 10% stake in the beleaguered computer chip company. Zinser also signaled the possibility that Intel seeks outside investment for its foundry business. The company reported better-than-expected second-quarter results

Topics: business computer foundry investment zinser
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Intel Foundry Demonstrates First Arm-Based Chip on 18A Node

news.ycombinator.com Zak Killian 2025-11-08 09:31:18

Images in this post: Intel, via TechPowerUp! Intel Foundry needs external customers, as the company claims that if it doesn't find more, it may have to "pause or discontinue our pursuit of Intel 14A and successor nodes." That could explain why the company posted a video today on its YouTube channel showing off "Deer Creek Falls", a new "reference SoC" fabricated on its 18A process.The video has since been removed, which is why we're crediting TechPowerUp on the screenshots, but it clearly sho

Topics: arm chip external foundry intel
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What I look for in typeface licenses

news.ycombinator.com Unknown 2025-11-20 21:11:51

Typeface licenses Process Journal I can’t remember the last time I undertook a design project where we didn’t use a commercial typeface. I often recommend these to clients because: The world of commercial typefaces is broad and it opens up a range of high-quality options for a project Using a commercial typeface is an easy way to level-up a design (though it won’t fix a bad design) Supporting independent foundries is important There’s no judgement on open source typefaces – I’m often pairi

Topics: clients foundry licensing terms typefaces
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Samsung lands $16.5 billion chip contract with Tesla

techspot.com Skye Jacobs 2025-12-24 18:44:00

What just happened? Samsung Electronics has landed a landmark $16.5 billion deal to manufacture semiconductor chips for Tesla, a move that could reshape the competitive landscape in advanced chipmaking and help revive Samsung's struggling foundry division. The multi-year contract, representing 7.6 percent of the company's projected 2024 revenue, will run through the end of 2033. The deal was first revealed in a South Korean regulatory filing on July 26, 2025. Although Samsung did not name the c

Topics: chips deal foundry samsung tesla
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Intel drops 8% as chipmaker's foundry business axes projects, struggles to find customers

cnbc.com Kif Leswing Samantha Subin 2025-12-26 23:01:09

Intel 's stock dropped more than 8% after the chipmaker said it would slash foundry costs in its latest attempt to turn around its struggling business. Concerns about where that leaves Intel's chip manufacturing business overshadowed a better-than-expected earnings report late Thursday. Intel beat on revenue and issued a sales forecast for the third quarter that also topped estimates. The company reported adjusted earnings of 10 cents per share, topping the average analyst estimate of a penny,

Topics: company customer foundry intel said
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Intel drops 9% as chipmaker's foundry business axes projects, struggles to find customers

cnbc.com Kif Leswing Samantha Subin 2025-12-27 18:27:40

Intel 's stock dropped 9% after the chipmaker said it would slash foundry costs in its latest attempt to turnaround its struggling business. Concerns about where that leaves Intel's chip manufacturing business overshadowed a better-than-expected earnings report late Thursday. Intel beat on revenue and issued a sales forecast for the third quarter that also topped estimates. The company reported adjusted earnings of 10 cents per share, topping the average analyst estimate of a penny, according t

Topics: company customer foundry intel said
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Tech Billionaires Wanted to Build a New California City. They’re Settling for an Industrial Park, Instead

gizmodo.com Lucas Ropek 2026-01-04 09:00:11

In 2023, the California Forever group, a company backed by a gaggle of Bay Area billionaires, announced that it wanted to use some 60,000 acres of Solano County farmland north of San Francisco to develop a brand new city. The effort was pretty much an unmitigated disaster from start to finish, and the group eventually rescinded its plans. Now, however, the same group says that it has a new project that may be significantly easier to accomplish. In a blog post made to its website last week, the

Topics: california foundry group new project
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‘Utopian’ city California Forever announces huge tech manufacturing park

techcrunch.com Julie Bort 2026-01-11 23:44:05

In Brief California Forever announced on Thursday plans to build a massive manufacturing park called Solano Foundry, the newest addition to its master-planned “utopian” city backed by a group of Silicon Valley billionaires. Solano Foundry is 2,100 acres that can host 40 million square feet of advanced tech manufacturing space. The manufacturing park will be built as part of its planned walkable city with over 175,000 homes, CEO Jan Sramek said at the Reindustrialize conference in Detroit. Sra

Topics: 40 foundry manufacturing park solano
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Intel to lay off up to 20% of Intel Foundry workers

techcrunch.com Rebecca Szkutak 2026-03-13 00:50:32

In Brief Intel will begin a new round of layoffs next month. The semiconductor giant plans to lay off 15% to 20% of workers in its Intel Foundry division starting in July, according to an internal memo originally reported on by The Oregonian. Intel Foundry designs, manufactures, and packages semiconductors for external clients. It’s unclear how many workers this will directly impact. Intel’s total workforce was 108,900 people as of December 2024, according to the company’s annual regulatory f

Topics: 15 company foundry intel layoffs
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