Feb 23, 12:06 PM

Intel Launches First AI Systems Foundry, Eyes Long-Term Gains

Intel has launched the world's first systems foundry aimed at the AI era, named Intel Foundry, signaling a strategic pivot towards servicing the burgeoning AI chip market. This move places Intel in direct competition with former rivals such as Nvidia and AMD, companies it once dominated. Despite the significant launch, analysts, including JPMorgan's Harlan Sur, have cautioned that revenue scale from Intel Foundry, represented by stock symbols $INTC, $TSM, and $ARM, is expected to be 'several years' away. The success of Intel Foundry is deemed crucial not only for Intel's future but also for the global technology landscape, with its impact potentially surpassing that of Intel's own compute engine designs.