At a recent investor conference, Intel Chief Financial Officer David Zinsner stated that he expects the company’s foundry business to break even by 2027. Within a few.
TL;DR: Intel’s new CEO, Lip-Bu Tan, made it clear he isn’t backing away from the company’s push to become a top-tier foundry. Now, Intel has shared new details about how – and when – it expects chip manufacturing to become a profitable part of the business.
At a recent investor conference, Intel Chief Financial Officer David Zinsner stated that he expects the company’s foundry business to break even by 2027. Within a few years, Chipzilla should turn a profit and begin building the trust needed to attract new customers.
Intel’s chip business isn’t in the best shape right now. The company has embraced a multi-foundry approach, outsourcing part of its wafer production to Taiwanese foundry TSMC while developing new advanced manufacturing nodes internally.
