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00:02Intel CEO Lip Boutan said,
00:05Monday that the company's foundry business is gaining traction as a central part of its
00:10turnaround strategy. Speaking on CNBC's Mad Money, Tan said,
00:15Intel's 18A manufacturing process, which was struggling when he took over in March 2025,
00:20has seen yield improvements meeting the industry benchmark of 7% to 8% per month.
00:26Intel's foundry business is a costly but central part of the company's revitalization strategy
00:31aimed at manufacturing semiconductors for outside customers while rebuilding advanced
00:36chip production capacity in the U.S. He said the progress is drawing interest from multiple
00:41prospective customers, with Intel expecting commitments from several foundry clients in
00:45the second half of the year. Tan also said Intel's next-generation 14A process could
00:51eventually match Taiwan's semiconductor manufacturing company.
00:54For all things money, visit Benzinga.com.
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