There are enough smart people in the semiconductor industry, but they are never redundant, so Intel announced the creation of a fund to encourage semiconductor technology developers. This applies to both small startups and existing large companies.
The fund's primary goal is to invest in capabilities and technologies that will accelerate time-to-market, as well as in intellectual property, software tools, innovative chip architectures, and advanced packaging technologies. All this was allocated $1 billion.
The new fund is also needed to strengthen the Intel Founders Services ecosystem. Strengthening will be achieved through equity investments in breakthrough projects, strategic investments to expand partnerships, and investment in developments that can support IFS clients.
“ Factoryless companies are rapidly adopting a modular design approach to differentiate their products and reduce time to market. Intel Foundry Services is well positioned to lead this important industry. With our new investment fund, we can help the ecosystem develop breakthrough technologies across the spectrum of chip architectures .” – Pat Gelsinger, CEO, Intel
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