Intel wants to build everybodys AI chips, CEO says, as company plays catch-up with rivals
Summary
Intel wants to regain its position as the worlds leading chipmaker, CEO Pat Gelsinger said, after being overtaken by rivals TSMC and Samsung in recent years. We want them to be built leveraging the U.S. factories," Gelsinger told CNBC on the sidelines of the Computex tech conference in Taipei on Tuesday. Intel seeks to boost its struggling foundry business, which posted a wider operating loss of $7 billion in 2023 versus the prior year. Taiwan Semiconductor Manufacturing Company reportedly overtook Samsung in 2023 to become the worlds largest foundry by revenue. During Computex tech conference in Taipei on Tuesday, Gelsinger unveiled the new Xeon 6 processor for data centers with improved performance and power-efficiency compared to its predecessor.
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