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Intel to outsource more chip production after record year

US chip giant has been in talks to hand more work to Taiwanese chipmaker TSMC

Intel is under pressure to ramp up outsourcing as smaller rivals chip away at its market share.   © Reuters

PALO ALTO, U.S. -- Intel said on Thursday that it will likely expand its production outsourcing of chip products over the next few years as the company reported record annual earnings for 2020.

The U.S. chip giant has been under increasing pressure to outsource production to foundries such as its longtime partner Taiwan Semiconductor Manufacturing Co. after the company ran into delays introducing its own 7-nanometer chip manufacturing technology.

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