Intel Engages Elon Musk in Bid to Expand Foundry Services

Intel CEO Pat Gelsinger reaches out to Elon Musk for a potential collaboration, aiming to leverage the CHIPS Act funding to bolster semiconductor manufacturing in the US.

• Intel CEO Pat Gelsinger publicly invites Elon Musk for a tour of Intel's semiconductor fabrication facilities, highlighting potential collaboration between Intel and Musk's high-tech companies.
• Intel secures $19.5 billion in funding through the CHIPS Act to support US semiconductor manufacturing, with plans for expansion in Arizona, New Mexico, Ohio, and Oregon.
• The move to engage Musk aligns with Intel's strategy to diversify its customer base and increase volume in its fabrication plants, amidst rising costs and technological advancements.
• Intel finalizes an agreement with Arm to facilitate the manufacturing of Arm-based designs, aiming to attract startups and established companies alike.
• The outreach to Musk, alongside agreements with companies like Arm and potential engagements with other tech giants, signals Intel's aggressive push to become a central player in global semiconductor manufacturing.

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