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Intel steps up foundry push; Tan says it can compete with TSMC

Intel said it is starting to show visible results in its foundry business for external customers. CEO Lip-Bu Tan said customer interest is rising and he expects agreements with multiple customers in the second half of this year. He said Intel’s manufacturing competitiveness is improving, pointing to progress in its 18A process and yield gains. Intel is also discussing its 14A process as a longer-term basis to compete with TSMC.