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Semiconductors

Intel sets 2025 goal to regain chip crown from TSMC and Samsung

US chipmaker seals deals to supply Qualcomm and Amazon Web Services

Intel's announcement comes as the U.S. akes efforts to bring semiconductor production back home.   © Reuters

TAIPEI -- Intel said on Tuesday it will make the world's most advanced semiconductors by 2024 and regain the global chipmaking crown from Asian rivals Taiwan Semiconductor Manufacturing Co. and Samsung Electronics the following year.

The company also said it has reached an agreement to use new technology to make mobile chips for Qualcomm -- a key customer of Samsung and TSMC -- marking Intel's first major win in the so-called foundry business, or making chips for other companies.

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