Intel’s IDM 2.0 plan will be greatly advanced as the business develops its production capacity, global location, and technology portfolio to meet unprecedented industry demand.
Intel CEO Pat Gelsinger stated, “Tower’s speciality technology portfolio, geographic reach, extensive customer relationships, and services-first operations will help scale Intel’s foundry services and promote our aim of being a leading provider of foundry capacity globally.”
“In an era of unprecedented semiconductor demand, this purchase will enable Intel to offer a compelling variety of leading-edge nodes and differentiated specialist technologies on mature nodes, opening new opportunities for present and prospective customers.”
Intel founded Intel Foundry Services (IFS) in March 2021 as part of its IDM 2.0 plan to help fulfill the rising global demand for semiconductor manufacturing capacity and to become a significant provider of US and European-based foundry capacity to serve customers worldwide.
IFS presently offers cutting-edge process and packaging technologies, as well as committed capacity in the United States and Europe, as well as a large intellectual property (IP) portfolio in the future.
Tower’s expertise in specialty technologies like radio frequency (RF), power, silicon germanium (SiGe), and industrial sensors, as well as its extensive IP and electronic design automation (EDA) partnerships and established foundry footprint, will provide broad coverage to both Intel and Tower’s customers around the world. Tower focuses on high-growth industries like mobile, automotive, and energy.
