Intel Foundry, the new name for Intel Foundry Services, was announced today. It's already secured Microsoft as a customer, and it will make a Microsoft-designed chip via the Intel 18A process.
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Intel announced over a year ago it planned to buy Tower Semiconductor for $5.4 billion, but now the deal won't be happening after China's regulators did not sign off for the acquisition in time.
TSMC, the world's leading foundry, is planning to charge up to 30% more for chips made in the U.S. than those made in Taiwan due to higher building costs of fabrications outside of Taiwan.
The new agreement between Intel and Arm will see mobile chips that use Arm designs made with Intel's 18A process. The financial terms of this new chip making agreement were not revealed.
