Intel Plans Foundry Expansion, Seeks Nvidia, Broadcom Clients

Intel Corp. is undergoing a strategic transformation under new CEO Lip-Bu Tan, focusing on revitalizing its chip design and expanding its foundry services to attract major clients like Nvidia and Broadcom. UBS analyst Timothy Arcuri notes that Intel is prioritizing its 18A manufacturing process, which aims to enhance performance and efficiency, making it a competitive alternative to Taiwan Semiconductor Manufacturing Co. (TSMC). Nvidia is seen as the more likely client to adopt Intel's foundry technology, particularly for gaming applications, while Broadcom remains a potential candidate. Intel is also enhancing its packaging innovations to better compete with TSMC's offerings. The partnership with United Microelectronics Corp. is progressing, with production expected to start in late 2026, positioning Intel as a secondary supplier in high-voltage FinFET manufacturing. Further developments and details are anticipated at the Direct Connect event on April 29.