Intel will invest 20 billion and wants to manufacture chips for Apple and Qualcomm

Intel held a press conference in which it presented its future development plans, which internally is called IDM 2.0. As a way to expand its business and recover financially, Intel will invest US$ 20 billion (approximately R$ 110,4 billion) in two factories in Arizona (USA). The idea is to expand its facilities to increase chip production.

This strategy was introduced by the company's new CEO, Pat Gelsinger, and aims to be an opportunity amidst the semiconductor crisis and chips that is taking the industry by storm. Some of its production will be sold to other partner companies, such as Amazon, IBM and Microsoft, but Intel also plans to produce processors for competitors such as Apple and Qualcomm.

Pat Gelsinger also announced that this is just the first step in addressing the current situation. The CEO told the conference that Intel also plans to invest in factories in other locations in the US, Europe and countries around the world later this year.

New chip launch

The expansion of its manufacturing network was not the only new development revealed at the IDM 2.0 strategy event. Intel also confirmed that it is finalizing production of its 7nm processor, the long-delayed Meteor Lake project. The product should be ready by the second quarter of the year (between April and June), but mass production and application in devices is expected to take some time.

The company's business strategy, at the moment, will focus on facilities to manufacture chips for other companies. So, this will impact the launch of the 7nm chip, as the demands of new customers will need to be met for the plan to work properly. If everything goes well, the company plans to have the long-awaited processor on the market in 2023.

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