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Intel To Produce MediaTek Designed Chips Expanding Its Foundry Business – $INTC $DIA $AMZN $QCOM

By John F. Heerdink, Jr.

As per reports, Intel Corporation (INTC) is set to produce chips for Taiwan’s MediaTek Inc, one of the world’s largest chip design firms. The manufacturing arrangement is one of Intel’s most significant deals since it launched its so-called foundry business early last year. A foundry business builds chips that other companies design and Taiwan Semiconductor Manufacturing Co (TSMC) is the top leader in the space, however, Intel has mainly built chips it designed itself.

Financial details or how many chips it would be producing for MediaTek are not known, however, it is said the first products would be manufactured in the next 18- to 24- month period.

“MediaTek has always adopted a multi-sourcing strategy. In addition to maintaining a close partnership with TSMC in advanced process nodes, this collaboration will enhance MediaTek’s supply for mature process nodes,” stated MediaTek.

Intel previously announced that its foundry business has signed deals with Qualcomm Inc. (QCOM) and Amazon.com (AMZN).

Intel Corporation (INTC) seeks to expand the boundaries of technology to provide the most amazing experience possible while designing, manufacturing, and selling integrated digital technology globally. To learn more about Intel Corporation (INTC) and to track its progress please visit the Vista Partners Intel Corporation Coverage Page

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(Read Original Story: Intel to produce Taiwanese company MediaTek's chips in Reuters)


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