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Semiconductors

Intel challenges Taiwan's TSMC in chip foundry business

US tech titan earmarks $20bn for plants in Arizona to woo Apple and Qualcomm

Intel of the U.S. is mounting a challenge to the dominance of Taiwan's TSMC in the contract chipmaking segment.   © Reuters

TAIPEI -- U.S. chip titan Intel is challenging Taiwan Semiconductor Manufacturing Co. in the contract chipmaking segment with plans to ramp up production capacity and win over Apple and other key global clients from its Asian rival.

CEO Pat Gelsinger said on Wednesday that Intel will expand chip production capacity in the U.S. and Europe, and offer "world-class manufacturing services" to woo customers such as Apple and Qualcomm, two key customers of TSMC.

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