Intel’s $20 billion bet on advanced fabrication

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No one ever said Pat Gelsinger was timid. A month into his stint as Intel’s CEO, he has announced an ambitious plan to drive ahead with Intel’s chip-manufacturing efforts rather than give up on it. Naysayers and pundits had been saying Intel should dump its fabrication business, similar to what AMD did more than a decade ago when it spun out its fabs into what became GlobalFoundries. Intel’s fabs had fallen behind the bleeding edge, and while the TSMC foundry was making 7nm chips for AMD, Intel was struggling to get to 10nm.

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