PALO ALTO, U.S./TAIPEI -- Intel announced Thursday that it is forming an automotive group under its foundry business to focus on car chips, as the company seeks to accelerate its chipmaking business to catch up with TSMC and Samsung. However, the race requires heavy investment and could leave the U.S. tech giant with negative cash flow this year.
Semiconductors
Intel bets on auto chips in foundry race with TSMC, Samsung
U.S. tech giant forecasts lower revenue, negative free cash flow in 2022
Intel of the U.S. is ramping up its foundry business as it aims to take on Asia's contract chipmaking giants. (Source photos by Reuters)
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