Intel has a new CEO, Pat Gelsinger, and he’s not wasting any time to make some big changes. At the company’s “Engineering the Future” announcement today, Gelsinger announced plans to outsource more of Intel’s chip production to third-party foundries, a $20 billion investment into two new fabs in Arizona, and a new branch of the company called Intel Foundry Services, which will see Intel’s foundries produce chips for other companies.
The new announcements are part of a new “IDM 2.0” strategy for Intel’s design and manufacturing, which is made up of three parts. First, Intel’s own in-house manufacturing, which will continue to serve a key part of Intel’s design and production of chips. Second is an expanded use of external foundries,…