Intel's Ambition in the Foundry Business

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Intel is shifting its strategy to focus on the Foundry business, aiming to manufacture AI chips for other companies. The CEO's goal is to have 50% of the world's advanced semiconductors produced in the US and Europe by the end of the decade. This ambition is driven by the belief that America should reclaim its leadership in developing and manufacturing advanced chips, leveraging its historical significance in pioneering the microchip and aiming to lead in the AI era.

Intel secures a preliminary deal with the U.S. government for up to $8.5 billion in Chips Act funding, signaling a major move in semiconductor manufacturing back to the U.S. This initiative is part of President Biden's broader efforts to boost domestic chip production, highlighting the geopolitical importance of semiconductors in the AI-driven global landscape. Plus a surprising number of American's think AI can make better TV and movies than exist now. Today's Episode Brought to You By: Plumb - Build, test, and deploy AI features with confidence - https://useplumb.com/ ABOUT THE AI BREAKDOWN The AI Breakdown helps you understand the most important news and discussions in AI. Subscribe to The AI Breakdown newsletter: https://theaibreakdown.beehiiv.com/subscribe Subscribe to The AI Breakdown on YouTube: https://www.youtube.com/@TheAIBreakdown Join the community: bit.ly/aibreakdown Learn more: http://breakdown.network/