Intel doubles down on foundry as AI drives up demand

U.S. chip giant returned to growth in Q4 but warns of headwinds

20240125 Intel

Intel reported 63.5% year-on-year revenue growth for its foundry business on Thursday.  © Reuters

YIFAN YU, Nikkei staff writer

PALO ALTO, U.S.-- Intel is doubling down on its foundry business now that surging demand for AI chips has become a new tailwind for the company's contract chipmaking venture.

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