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Intel CEO Pat Gelsinger mentioned the corporate is speaking to 100 potential prospects for its Intel Foundry Companies (IFS), the place the corporate makes use of its factories to make chips for others.

He mentioned the corporate can have extra to say about IFS prospects on Monday. Gelsinger joined as CEO earlier this 12 months and pledged to get Intel to regain its management in manufacturing. On high of that, he mentioned Intel would put money into its foundry enterprise, the place it serves as a contract producer for corporations that design their very own chips.

Intel is rumored to be speaking to GlobalFoundries about acquiring the foundry firm for $30 billion. Gelsinger declined to touch upon that.

“At this say we’d not say that M&A is essential, however nor would we rule it out,” he mentioned.

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Above: Pat Gelsinger is CEO of Intel

Picture Credit score: Intel

Gelsinger made the feedback as a part of the corporate’s second quarter earnings name with analysts. Intel reported Q2 earnings and revenues above expectations, and it raised its estimates for 2021 revenues and earnings.  Nearly all chip corporations are increasing now to satisfy that demand, and Intel lately mentioned it could spend $20 billion on new manufacturing in Arizona.

Gelsinger mentioned it was essentially the most thrilling time to be within the semiconductor trade, as demand is at file ranges. He mentioned Intel has shipped greater than 50 million Tiger Lake processors, and it’s ramping its Ice Lake chips and is ending the design of its Meteor Lake chips.

“Whereas there’s extra work forward, we’re shifting at a torrid tempo,” Gelsinger mentioned.

On Monday, he mentioned Intel will discuss its plans to regain management in processor design (from rival Advanced Micro Devices). Intel expects capital spending to be $19 billion to $20 billion this 12 months. It’s exiting its Apple and residential gateway enterprise. Intel, in the meantime, wants extra manufacturing capability for its personal chips.

“The world wants extra semiconductors,” Gelsinger mentioned. “The world wants a extra balanced semiconductor provide chain.”

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