Intel Foundry Services Financial Performance

Developing StoryLast updated JUN 12
SUMMARY

Intel Foundry Services (IFS) reported a 16% year-over-year revenue increase to $5.4 billion in Q1 2026, driven by strong demand for advanced process nodes, and secured a deal with Google to manufacture over three million Tensor Processing Units (TPUs) by 2028. As of May 30, 2026, IFS is projected to turn profitable in fiscal year 2028, with free cash flow expected to turn positive in fiscal year 2027. The company has identified over 20 foundry deals with a potential lifetime value exceeding $15 billion, including multi-billion dollar contracts with Microsoft for custom silicon on the 18A node and a new Amazon AWS Trainium derivative slated for 2027. Committed orders for Intel's Gaudi 3 AI accelerator have surpassed $500 million for the second half of 2026, and Nvidia is evaluating Intel's 18A process node.

Timeline

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May 2026 — 12 developments

  1. Intel Foundry Services reported a 16% year-over-year revenue increase to $5.

    Intel Foundry Services reported a 16% year-over-year revenue increase to $5.4 billion in Q1 2026, driven by strong demand for advanced process nodes. The company secured a deal with Google to manufacture over three million Tensor Processing Units (TPUs) by 2028, and Nvidia is evaluating Intel's 18A process node.

  2. Intel Foundry Services (IFS) is projected to turn profitable in fiscal year 2028, with free cash flow expected to turn positive in fiscal year 2027.

    Intel Foundry Services (IFS) is projected to turn profitable in fiscal year 2028, with free cash flow expected to turn positive in fiscal year 2027. External foundry revenue saw a sharp year-over-year improvement in Q1 2026, reaching $174 million, and advanced packaging is believed to be profitable.

  3. Intel Foundry Services is projected to break even in 2027 and achieve profitability by 2030, with advancements in silicon photonics and glass substrates as key focus areas.

    Intel Foundry Services is projected to break even in 2027 and achieve profitability by 2030, with advancements in silicon photonics and glass substrates as key focus areas. The company reported strong first-quarter 2026 financial results, with revenue reaching $13.6 billion, a 7% year-over-year increase, driven by its data center and foundry businesses.

  4. Intel Foundry Services (IFS) has identified over 20 foundry deals across its 18A, Intel 3, and mature-node offerings, with a potential lifetime deal value exceeding $15 billion.

    Intel Foundry Services (IFS) has identified over 20 foundry deals across its 18A, Intel 3, and mature-node offerings, with a potential lifetime deal value exceeding $15 billion. Committed orders for Intel's Gaudi 3 AI accelerator have surpassed $500 million for the second half of 2026. Microsoft plans to use Intel's 18A process for a future custom chip, and MediaTek will use Intel's mature process technology.

  5. Intel Foundry Services is seeing increased customer engagement, with Microsoft planning to use the 18A process for a custom chip and preliminary deals reported with Apple.

    Intel Foundry Services is seeing increased customer engagement, with Microsoft planning to use the 18A process for a custom chip and preliminary deals reported with Apple. Intel's stock has surged approximately 42% in the last 30 days, reflecting positive market sentiment around its foundry developments.

  6. Deutsche Bank initiated coverage on Intel Corp.

    Deutsche Bank initiated coverage on Intel Corp. with a Buy rating and a price target of $40.00, following Q1 2026 financial results that showed strong demand for its data center and foundry businesses. Intel Foundry's operating loss improved quarter-over-quarter to $2.4 billion, and the 18A process is on track for high-volume manufacturing in the second half of 2026, with multi-year contracts secured from Microsoft and Amazon.

  7. Intel Foundry Services (IFS) has announced new partnerships with major technology companies including Microsoft, Google, Apple, Nvidia, and SpaceX.

    Intel Foundry Services (IFS) has announced new partnerships with major technology companies including Microsoft, Google, Apple, Nvidia, and SpaceX. These collaborations are seen as crucial for Intel's foundry business to evolve beyond a turnaround narrative and become a credible competitor to established players like TSMC. The company's Q1 2026 earnings report also detailed a $2.4 billion operating loss for the foundry segment on $5.4 billion in revenue.

  8. Intel Foundry Services (IFS) has secured multi-billion dollar lifetime contracts with Microsoft for …

    Intel Foundry Services (IFS) has secured multi-billion dollar lifetime contracts with Microsoft for custom silicon on the 18A node and a new Amazon AWS Trainium derivative slated for 2027. The U.S. Department of Defense is also a key customer with a $250 million contract for chip design and development.

  9. Intel Foundry Services has secured Tesla as a customer for its 14A production node and is reportedly in preliminary discussions with Apple for chip manufacturing.

    Intel Foundry Services has secured Tesla as a customer for its 14A production node and is reportedly in preliminary discussions with Apple for chip manufacturing. The company's Q1 2026 external foundry revenue was reported at $174 million, with projections to break even in 2027 and achieve profitability by 2030. CEO Lip-Bu Tan highlighted the foundry business as a 'national treasure' crucial to Intel's turnaround strategy.

  10. Intel Foundry Services reported Q1 2026 revenue of $5.

    Intel Foundry Services reported Q1 2026 revenue of $5.4 billion, a 16% increase, with external foundry revenue at $174 million. The company has secured over 20 customer deals, with a potential lifetime value exceeding $15 billion, and projects breaking even in 2027 and achieving profitability by 2030. New partnerships with SK Hynix for HBM memory and Amkor Technology for assembly and test were also announced.

  11. Intel's 18A process node is now in volume production, supporting Panther Lake processors with yields ahead of targets and securing approximately 200 design wins.

    Intel's 18A process node is now in volume production, supporting Panther Lake processors with yields ahead of targets and securing approximately 200 design wins. The company is also developing its 14A process, with risk production slated for 2028. Reports of a preliminary chip-making deal with Apple have led to a significant surge in Intel's stock price.

  12. Intel CEO Lip-Bu Tan stated that Intel Foundry Services is achieving monthly yield improvements of 7% to 8%.

    Intel CEO Lip-Bu Tan stated that Intel Foundry Services is achieving monthly yield improvements of 7% to 8%. This progress aligns with industry best practices and boosts customer confidence as part of Intel's turnaround strategy.

April 2026 — 18 developments

  1. Intel has announced Tesla as the first major external customer for its upcoming 14A manufacturing process at the Terafab facility.

    Intel has announced Tesla as the first major external customer for its upcoming 14A manufacturing process at the Terafab facility. The 14A process is anticipated to deliver superior performance and power efficiency compared to the 18A node. This collaboration is a crucial step for Intel's foundry business expansion.

  2. Intel Foundry Services (IFS) has announced plans to establish itself as a standalone subsidiary for enhanced financial transparency and flexibility.

    Intel Foundry Services (IFS) has announced plans to establish itself as a standalone subsidiary for enhanced financial transparency and flexibility. In Q1 2026, IFS reported $5.4 billion in revenue, a 20.3% year-over-year increase, with external customer revenue at $174 million and an operating loss of approximately $2.4 billion.

  3. Intel Foundry Services (IFS) has announced new partnerships with Synopsys, Cadence, Siemens EDA, and PDF Solutions to support foundry customers.

    Intel Foundry Services (IFS) has announced new partnerships with Synopsys, Cadence, Siemens EDA, and PDF Solutions to support foundry customers. The company also highlighted potential manufacturing deals with MediaTek, Qualcomm, and Tesla for advanced AI chips. IFS also reported its first-quarter 2026 financial results.

  4. Intel Foundry reported Q1 2026 revenue of $5.

    Intel Foundry reported Q1 2026 revenue of $5.4 billion, a 16% year-over-year increase, with an operating loss of $2.4 billion, showing improvement from the prior quarter. External foundry revenue was approximately $174 million. The company's overall revenue reached $13.6 billion, up 7% year-over-year.

  5. Intel Foundry Services (IFS) has secured six external customer commitments for its Intel 18A process node, with Microsoft announcing plans to design a chip on this node.

    Intel Foundry Services (IFS) has secured six external customer commitments for its Intel 18A process node, with Microsoft announcing plans to design a chip on this node. This development is part of Intel's strategy to accelerate its AI solutions and drive revenue growth. The company's new foundry operating model, implemented in Q1 2024, is reportedly improving decision-making and accountability.

  6. Intel Foundry Services has entered a multi-year agreement with Google for advanced chip packaging and the use of its 18A process for AI fabric chips.

    Intel Foundry Services has entered a multi-year agreement with Google for advanced chip packaging and the use of its 18A process for AI fabric chips. Amazon is also in talks for advanced chip packaging and has committed to a multi-billion-dollar custom chip deal. These developments build on the existing collaboration with Tesla, SpaceX, and xAI for the Terafab project.

  7. Intel Foundry Services (IFS) has secured a landmark agreement with Tesla to manufacture advanced AI chips for its Terafab project, utilizing Intel's 14A manufacturing process.

    Intel Foundry Services (IFS) has secured a landmark agreement with Tesla to manufacture advanced AI chips for its Terafab project, utilizing Intel's 14A manufacturing process. This collaboration will support chips for Tesla's vehicles, SpaceX, and Optimus robots. Despite IFS currently incurring substantial annual losses, this deal is seen as a significant validation for Intel's foundry ambitions.

  8. Intel Foundry Services (IFS) has launched the IFS Accelerator program to provide design tools, IP, and services to its customers, aiming to speed up chip development.

    Intel Foundry Services (IFS) has launched the IFS Accelerator program to provide design tools, IP, and services to its customers, aiming to speed up chip development. Concurrently, Intel Capital has established a Foundry Innovation Fund to support startups developing foundry ecosystem technologies. IFS is also collaborating with UMC on a 12nm process platform, with production expected to begin in 2027.

  9. Intel Foundry Services (IFS) reported a substantial revenue increase of 174.

    Intel Foundry Services (IFS) reported a substantial revenue increase of 174.4% year-over-year, reaching $952 million. The company is also in discussions with Amazon and Alphabet for advanced chip packaging services. Despite this growth, the broader Intel Foundry division is projected to incur significant losses.

  10. Intel Foundry Services reported $4.

    Intel Foundry Services reported $4.4 billion in Q3 2024 revenue, with a significant operating loss of $5.8 billion. IFS has entered a multi-generation agreement with Arm to enable chip designers to build low-power SoCs on Intel's 18A process technology. The company aims to become the world's second-largest foundry by 2030 and projects IFS profitability by fiscal year 2028.

  11. Intel Foundry Services (IFS) announced a significant partnership with Tesla in early April 2026 to develop an advanced chip fabrication facility for AI chips.

    Intel Foundry Services (IFS) announced a significant partnership with Tesla in early April 2026 to develop an advanced chip fabrication facility for AI chips. This collaboration leverages Intel's fabrication expertise for external foundry services, marking a major step for IFS. There is also growing interest from potential customers like Amazon and Alphabet for IFS.

  12. Intel Foundry Services (IFS) has partnered with Synopsys, Inc.

    Intel Foundry Services (IFS) has partnered with Synopsys, Inc., granting IFS customers access to Synopsys' intellectual property and electronic design automation tools. This collaboration aims to foster a more robust foundry ecosystem and follows the strategic hire of former Samsung executive Shawn Han to lead IFS.

  13. Intel has appointed Shawn Han, a former Samsung executive, to lead its Foundry Services division.

    Intel has appointed Shawn Han, a former Samsung executive, to lead its Foundry Services division. This follows a strategic partnership announcement with Elon Musk's Terafab project, which involves Tesla, SpaceX, and xAI, with Intel as the primary foundry partner. These developments have contributed to a substantial stock rally, with shares up approximately 76% year-to-date as of April 15, 2026.

  14. Intel Foundry Services (IFS) has completed its 'Five Nodes in Four Years' roadmap with the 18A process node now in high-volume manufacturing and shipping to customers.

    Intel Foundry Services (IFS) has completed its 'Five Nodes in Four Years' roadmap with the 18A process node now in high-volume manufacturing and shipping to customers. The company has secured a lifetime deal value exceeding $15 billion, with custom AI silicon wins from Amazon (AWS) and Microsoft expected in late 2026. IFS is projected to achieve profitability in 2027.

  15. Intel Foundry Services (IFS) is projected to achieve profitability by fiscal year 2028 and positive free cash flow in fiscal year 2027, despite a $2.

    Intel Foundry Services (IFS) is projected to achieve profitability by fiscal year 2028 and positive free cash flow in fiscal year 2027, despite a $2.5 billion operating loss in Q4 2025. The company has announced a Terafab project partnership with Tesla, SpaceX, and xAI to build an advanced chip fabrication facility in Texas, positioning Intel as a primary foundry partner for a joint venture targeting a terawatt of AI compute annually.

  16. Intel is reportedly in advanced talks with Google and Amazon for advanced chip packaging services for their custom AI processors.

    Intel is reportedly in advanced talks with Google and Amazon for advanced chip packaging services for their custom AI processors. These potential deals are said to be worth billions annually. The announcement coincides with Intel's confirmation of its Q1 2026 financial results reporting date.

  17. Intel will report its Q1 2026 financial results on April 23, 2026, with projected revenue between $11.

    Intel will report its Q1 2026 financial results on April 23, 2026, with projected revenue between $11.7 billion and $12.7 billion and a non-GAAP EPS of $0.00, falling below Wall Street expectations. The foundry segment reported a $2.51 billion operating loss in Q4 FY2025.

  18. Intel announced on April 1, 2026, the repurchase of a 49% equity stake in its Ireland factory joint venture from Apollo for $14.

    Intel announced on April 1, 2026, the repurchase of a 49% equity stake in its Ireland factory joint venture from Apollo for $14.2 billion. This move is intended to strengthen its balance sheet and accelerate the development of advanced process technologies like Intel 18A. The company reported FY 2025 revenue of $52.9 billion with a return to non-GAAP profitability and an EPS of $0.42, alongside gross margins of 39%.

March 2026 — 25 developments

  1. Intel's Foundry Services (IFS) has a backlog exceeding $15 billion for custom AI silicon, advanced p…

    Intel's Foundry Services (IFS) has a backlog exceeding $15 billion for custom AI silicon, advanced packaging, and secure manufacturing, with Microsoft confirming a collaboration on custom AI silicon. However, IFS faces significant yield issues with its 18A process node, delaying high-volume production and profitability until at least 2027.

  2. Intel Foundry Services incurred over $3 billion in operating losses in Q2 2025 and $13 billion in 2024, with over 85% of wafer volume still relying on pre-EUV nodes.

    Intel Foundry Services incurred over $3 billion in operating losses in Q2 2025 and $13 billion in 2024, with over 85% of wafer volume still relying on pre-EUV nodes. Despite these financial challenges, revenue grew by 3% to $4.4 billion in Q2 2025, and the company is actively pursuing advanced process technologies like Intel 14A, aiming for break-even operating margins by mid-2030.

  3. Intel Foundry Services (IFS) has formed partnerships with Synopsys and Arm to integrate intellectual property and develop low-power SoCs using Intel 18A process technology.

    Intel Foundry Services (IFS) has formed partnerships with Synopsys and Arm to integrate intellectual property and develop low-power SoCs using Intel 18A process technology. The company aims to control approximately 20% of the world's most advanced logic capacity by late 2026, positioning 2026 as a pivotal year for its foundry transition.

  4. Intel has launched its new enterprise-focused commercial PC chips, the Core Ultra Series 2, which ar…

    Intel has launched its new enterprise-focused commercial PC chips, the Core Ultra Series 2, which are built on the Intel 18A process node, marking the first high-volume shipment of products utilizing this advanced technology. The company has also raised CPU prices, citing supply shortages and increased material costs.

  5. Intel's foundry segment reported a $2.

    Intel's foundry segment reported a $2.51 billion operating loss in Q4 2025, with external foundry revenue reaching $307 million for the full year 2025. The company now aims for its foundry business to achieve break-even operating margins by mid-2030, targeting 40% non-GAAP gross margins.

  6. Laptops and devices featuring Intel's Core Ultra Series 3 processors (Panther Lake), built on the Intel 18A node, were launched in early 2026.

    Laptops and devices featuring Intel's Core Ultra Series 3 processors (Panther Lake), built on the Intel 18A node, were launched in early 2026. This product release is a key part of Intel's Foundry Services (IFS) strategy to transform its manufacturing arm into a competitive foundry business for external customers.

  7. Intel reported Q4 2025 revenue of $13.

    Intel reported Q4 2025 revenue of $13.7 billion, a 4% decrease year-over-year, and a non-GAAP EPS of $0.15. For the full year 2025, revenue was $52.9 billion, flat year-over-year, with gross margins at 34.8%. Adjusted free cash flow for 2025 was -$4.9 billion, attributed to aggressive capital expenditure.

  8. Intel is considering a potential spin-off of its foundry activities to foster focus and facilitate future investments.

    Intel is considering a potential spin-off of its foundry activities to foster focus and facilitate future investments. Expansion of 14A process technology production capacity is contingent on securing sufficient external customer agreements. This comes as Intel aims to become the world's second-largest foundry by 2030, despite multi-billion dollar losses incurred by the division through 2025.

  9. Intel aims to reach break-even operating margins for its Foundry business by the end of 2027 and exp…

    Intel aims to reach break-even operating margins for its Foundry business by the end of 2027 and expects to control approximately 20% of the world's most advanced logic capacity by late 2026. Discussions with external customers are ongoing for custom AI silicon, advanced packaging, and secure manufacturing, though many are still in exploratory stages.

  10. Intel reported Q1 2026 revenue of $13.

    Intel reported Q1 2026 revenue of $13.67 billion, surpassing analyst expectations, and noted a decline in operating expenses. The company is implementing CPU price increases to fund its manufacturing and foundry strategy. Additionally, Representative John Moolenaar purchased 10,000 shares of Intel Corp. stock for $490,000.

  12. Intel Foundry Services is targeting break-even operating margins midway to 2030 and has secured over $15 billion in lifetime deal value with external customers.

    Intel Foundry Services is targeting break-even operating margins midway to 2030 and has secured over $15 billion in lifetime deal value with external customers. NVIDIA has committed a $5.0 billion equity investment to support Intel's 18A manufacturing. The company aims to become the world's second-largest foundry by 2030.

  13. Intel's stock has surged over 80% in 2025 and early 2026, driven by foundry progress and AI hopes.

    Intel's stock has surged over 80% in 2025 and early 2026, driven by foundry progress and AI hopes. The Intel Foundry Services (IFS) segment reported a 4% revenue growth in the most recent quarter, alongside a $2.5 billion operating loss. Yields for the 18A manufacturing process are improving, estimated between 65-75% as 2026 began, and customer capacity commitments for the 14A process are anticipated in late 2026 or early 2027.

  14. Intel Foundry Services has launched its Core Ultra Series 3 enterprise chips on the Intel 18A process, marking the first high-volume shipment of products using this technology.

    Intel Foundry Services has launched its Core Ultra Series 3 enterprise chips on the Intel 18A process, marking the first high-volume shipment of products using this technology. The company reported a $2.51 billion operating loss for the Intel Foundry segment in Q4 2025, but forecasts double-digit quarter-over-quarter revenue growth for 2026. Intel has also formed a $29.4 billion joint venture with Brookfield Asset Management to finance two Arizona fabrication facilities.

  15. Intel Foundry Services (IFS) has distributed early versions of its Intel 14A Process Design Kit (PDK) to lead customers for test chip builds.

    Intel Foundry Services (IFS) has distributed early versions of its Intel 14A Process Design Kit (PDK) to lead customers for test chip builds. IFS is reportedly securing significant AI clients for its 18A/AP manufacturing process, with Microsoft identified as a key customer for custom AI accelerator chips using Intel's 18A process technology.

  16. Intel Foundry Services (IFS) has secured Microsoft as a key customer for its 18A process technology, potentially for Maia AI accelerator chips.

    Intel Foundry Services (IFS) has secured Microsoft as a key customer for its 18A process technology, potentially for Maia AI accelerator chips. The company is also developing its 14A process technology in partnership with external customers, with future investments contingent on confirmed commitments. Intel's foundry business faces the risk of ceasing to exist if external customers are not secured for its factories.

  17. Intel Foundry Services (IFS) has secured orders for its Intel 3 process node from a major cloud, edg…

    Intel Foundry Services (IFS) has secured orders for its Intel 3 process node from a major cloud, edge, and data center solutions provider and has engaged lead customers on the Intel 14A process. IFS has four customers committed to the Intel 18A process and a total of five advanced packaging customers, with Microsoft and Amazon noted for advanced packaging services. Executives from MediaTek, Microsoft, and Qualcomm attended Intel Foundry Direct Connect, indicating potential partnerships.

  18. Intel Foundry Services (IFS) has secured key customers, including Microsoft and Apple, for its 18A p…

    Intel Foundry Services (IFS) has secured key customers, including Microsoft and Apple, for its 18A process technology, with the 18A node now in full production and initial shipments expected in Q4 2025. Customer engagements for the newer 14A node are also active, and Intel is exploring opportunities as a backup packaging provider and aiming to add AMD as a foundry customer. Despite these advancements and revenue growth, the foundry segment continues to operate at a substantial financial loss.

  19. Intel Foundry Services (IFS) has generated only $50 million in external revenue year-to-date as of July 2025 and reported multi-billion dollar operating losses in 2025.

    Intel Foundry Services (IFS) has generated only $50 million in external revenue year-to-date as of July 2025 and reported multi-billion dollar operating losses in 2025. Break-even is not projected until at least 2027, despite optimism from Intel's CFO regarding potential billions in annual revenue from advanced packaging deals.

  20. Intel Foundry Services reported $4.

    Intel Foundry Services reported $4.5 billion in revenue for Q4 2025, a 6.4% sequential increase, but incurred an operating loss of $2.5 billion. This represents an $188 million increase in losses from the previous quarter, attributed to the early ramp-up of the Intel 18A process. External foundry revenue from third-party clients reached $222 million in Q4 2025, with no major clients currently secured for any nodes.

  21. Intel Foundry Services (IFS) reported a $10.

    Intel Foundry Services (IFS) reported a $10.33 billion loss in 2025 and is not projected to break even until at least 2027. Despite financial challenges, IFS secured defense sector contracts with Trusted Semiconductor Solutions and Reliable MicroSystems for its 18A process, and Microsoft will also utilize this process for a future chip. The total deal value for Intel's foundry business has surpassed $15 billion.

  22. Intel is significantly upgrading its AI semiconductor chip packaging technology to bolster its found…

    Intel is significantly upgrading its AI semiconductor chip packaging technology to bolster its foundry capabilities, introducing 'large-area' packaging that can accommodate at least 12 High Bandwidth Memory (HBM) stacks. The company plans to offer even larger 120x180 mm packages by 2028, supporting up to 24 HBM stacks. Intel's advanced packaging complex in Malaysia is set to become operational later this year, supporting EMIB and Foveros technologies for chiplet-based designs.

  23. Intel Foundry Services (IFS) has secured major customers, including Microsoft and AWS, for its advanced 18A process node.

    Intel Foundry Services (IFS) has secured major customers, including Microsoft and AWS, for its advanced 18A process node. The company has also entered a multi-generation agreement with Arm to enable chip designers to create low-power SoCs using the Intel 18A process. These developments are part of Intel's strategy to become a significant foundry competitor.

  24. Intel's Chief Financial Officer, David Zinsner, announced on March 5, 2026, that Intel is close to s…

    Intel's Chief Financial Officer, David Zinsner, announced on March 5, 2026, that Intel is close to securing multi-billion dollar annual deals for its advanced packaging technology and is reconsidering its strategy for the 18A process technology to offer it to external chip designers. This marks a significant shift for Intel Foundry Services (IFS) to expand its external chip production capabilities, reversing a previous stance of prioritizing 18A for internal use.

  25. Intel's 18A chip node is now in full production and available for external customers, marking a significant shift from its previous focus on internal use.

    Intel's 18A chip node is now in full production and available for external customers, marking a significant shift from its previous focus on internal use. This development has sparked interest from potential partners like Nvidia, with whom Intel has announced collaborations for AI servers and consumer PCs. Intel CFO Dave Zinsner emphasized that these collaborations are product-driven, with discussions ongoing regarding the possibility of Intel manufacturing Nvidia GPUs.

February 2026 — 4 developments

  1. Intel is reportedly in discussions with Apple regarding a potential investment and exploring closer collaboration.

    Intel is reportedly in discussions with Apple regarding a potential investment and exploring closer collaboration. These negotiations are described as being in their early stages. This follows recent investments from Nvidia and SoftBank, and government funding, as part of Intel's revival strategy.

  2. Intel CEO Lip-Bu Tan confirmed the company is heavily investing in its 14A process, indicating it has more than one client for production.

    Intel CEO Lip-Bu Tan confirmed the company is heavily investing in its 14A process, indicating it has more than one client for production. Reports suggest Apple and Nvidia are considering shifting portions of their chip manufacturing to Intel by 2028, potentially using the 14A node for non-core components, while TSMC remains the primary supplier for flagship products.

  3. Intel has reportedly secured a deal to manufacture Nvidia's future 'Feynman' GPU, expected around 2028, utilizing its 18A or 14A process nodes.

    Intel has reportedly secured a deal to manufacture Nvidia's future 'Feynman' GPU, expected around 2028, utilizing its 18A or 14A process nodes. This collaboration is described as limited in scope, with TSMC continuing to handle the majority of Nvidia's production. Apple is also reportedly exploring some form of collaboration with Intel.

  4. Rumors suggest that Intel may have secured MediaTek as a new customer for its 14A process, though this remains unconfirmed and in the early stages.

    Rumors suggest that Intel may have secured MediaTek as a new customer for its 14A process, though this remains unconfirmed and in the early stages. This potential deal is significant as Intel has been striving to attract external clients for its 14A node.

January 2026 — 17 developments

  1. Industry giants Apple and Nvidia are reportedly considering outsourcing portions of their 2028 semiconductor production to Intel, utilizing its 18A or 14A process technology.

    Industry giants Apple and Nvidia are reportedly considering outsourcing portions of their 2028 semiconductor production to Intel, utilizing its 18A or 14A process technology. This potential shift is driven by geopolitical concerns and tariffs, aiming to diversify chip manufacturing away from TSMC. While neither company has confirmed these plans, discussions are reportedly underway for non-core products.

  2. Intel plans to release version 0.

    Intel plans to release version 0.5 of the process design kit for its 14A manufacturing process in the first quarter of 2026, with risk production targeted for the end of 2027 and volume production in 2028. Early versions of the process design kit are being released to external customers in early 2026. Two potential customers are currently evaluating test chips manufactured using the 14A process, and decisions on commitments are expected in the second half of 2026.

  5. Intel has revealed that two potential customers are currently evaluating chips made on its 14A fabrication process.

    Intel has revealed that two potential customers are currently evaluating chips made on its 14A fabrication process. While no firm commitments have been made, Intel CEO Lip-Bu Tan anticipates these customers will make final supplier decisions in the second half of 2026. Mass production for external clients is slated for 2028, contingent on secured contracts, as Intel is holding back on significant capacity expansion until customer demand is confirmed.

  6. Needham reiterated its Hold rating on Intel, noting that Q4 2025 results surpassed expectations, but…

    Needham reiterated its Hold rating on Intel, noting that Q4 2025 results surpassed expectations, but Q1 2026 guidance was lower due to anticipated supply constraints peaking in Q1 2026. Intel expects margins to improve throughout the year, with customer decisions for the 14A process expected in the second half of 2026 and first half of 2027.

  7. Intel's CFO David Zinsner stated that commitments for advanced packaging are expected to exceed $1 billion, indicating a potential for EMIB in mainstream products by 2026.

    Intel's CFO David Zinsner stated that commitments for advanced packaging are expected to exceed $1 billion, indicating a potential for EMIB in mainstream products by 2026. Intel Foundry aims to attract customers by offering both frontend and backend semiconductor services in one location.

  8. Intel plans to increase spending on manufacturing tools in the first half of 2026 to support demand in 2027 and beyond.

    Intel plans to increase spending on manufacturing tools in the first half of 2026 to support demand in 2027 and beyond. The company also confirmed that high-NA EUV lithography will be integrated into its 14A process.

  9. UBS analysts have identified Nvidia, Apple (for M-Series chips), and Amazon as potential customers f…

    UBS analysts have identified Nvidia, Apple (for M-Series chips), and Amazon as potential customers for Intel's 14A production, leading UBS to raise Intel's stock price target to $52. This outlook follows the anticipated release of Intel's 14A production design kit.

  10. Intel has confirmed it has two prospective customers for its 14A fabrication process, with firm commitments anticipated in the second half of 2026.

    Intel has confirmed it has two prospective customers for its 14A fabrication process, with firm commitments anticipated in the second half of 2026. The company is on track to release the 14A Process Design Kit (PDK) version 0.5 this quarter.

  11. GF Securities analyst Jeff Pu reiterated expectations that Intel will begin supplying some Apple chi…

    GF Securities analyst Jeff Pu reiterated expectations that Intel will begin supplying some Apple chips using its future 14A process, potentially for non-pro iPhone models starting in 2028, with TSMC remaining the primary chipmaking partner. Other reports suggest Apple is interested in Intel's 14A for future M-series chips.

  12. Intel confirmed that its 14A node is on track for 2027, with good yields.

    Intel confirmed that its 14A node is on track for 2027, with good yields. However, the company will only expand 14A wafer capacity after securing firm manufacturing contracts from customers. Intel's CEO expects customers to make firm supplier decisions in the second half of 2026 and extending into the first half of 2027.

  13. Intel's 14A node utilizes the ASML Twinscan EXE:5200B, enabling features with 8nm resolution.

    Intel's 14A node utilizes the ASML Twinscan EXE:5200B, enabling features with 8nm resolution. Intel achieved a field-stitching overlay accuracy of 0.7nm at its Oregon pilot plant, confirming the viability of manufacturing AI GPUs and server chips.

  14. Intel faces execution risks with its 14A roadmap, market share erosion to AMD, and China exposure due to export controls.

    Intel faces execution risks with its 14A roadmap, market share erosion to AMD, and China exposure due to export controls. A stumble in the 14A roadmap could send the stock back to 2024 levels, and Intel must prove its Clearwater Forest Xeon chips can stop the bleeding.

  16. KeyBanc analyst Vinh reports that Intel Foundry Services has secured some business from Apple to man…

    KeyBanc analyst Vinh reports that Intel Foundry Services has secured some business from Apple to manufacture low-end M-series processors for MacBooks and iPads using its 18A process. This marks a confirmed deal for Intel's 18A process, distinct from previous discussions about 14A.

  17. Intel CEO Lip-Bu Tan stated that Intel is "going big time into 14A," a reversal from earlier comments about potentially pausing the node without securing a customer.

    Intel CEO Lip-Bu Tan stated that Intel is "going big time into 14A," a reversal from earlier comments about potentially pausing the node without securing a customer. He indicated that early versions of the 14A Process Design Kit (PDK) would be available to external customers in early 2026, with production readiness expected in 2027.

December 2025 — 3 developments

  2. NVIDIA and AMD are reportedly evaluating Intel's 14A process node, while Apple and Broadcom are considering Intel's EMIB packaging.

    NVIDIA and AMD are reportedly evaluating Intel's 14A process node, while Apple and Broadcom are considering Intel's EMIB packaging. Furthermore, reports suggest Apple may partner with Intel again to supply some of its lower-end M-series Mac chips as early as mid-2027, utilizing Intel's 18A process.

  3. Intel may secure Apple as a major foundry customer, with predictions that Apple will use Intel Foundry for its low-end M-series chips.

    Intel may secure Apple as a major foundry customer, with predictions that Apple will use Intel Foundry for its low-end M-series chips. Apple's experience with Intel's 18A-P process design kit has met expectations, and they are awaiting version 1.0. This potential deal is seen as a game-changer for Intel's comeback bid.

September 2025 — 2 developments

  1. Nvidia has invested $5 billion in Intel, acquiring a 4% stake, and both companies have agreed to a multi-generational product collaboration.

    Nvidia has invested $5 billion in Intel, acquiring a 4% stake, and both companies have agreed to a multi-generational product collaboration. This partnership aims to integrate Intel's CPUs with Nvidia's AI and graphics chips using Nvidia's NVLink technology. Additionally, Intel is reportedly in preliminary discussions with Apple regarding a potential investment and closer collaboration.

August 2025 — 1 developments

  1. Intel is reportedly in discussions with Nvidia and Apple for potential deals involving its 14A production kit.

    Intel is reportedly in discussions with Nvidia and Apple for potential deals involving its 14A production kit. Apple is evaluating the 14A process for its M-series chips, while Nvidia has expressed interest in trial production for lower-end GPUs. These potential collaborations are seen as crucial for Intel's foundry strategy.

April 2025 — 1 developments

  1. Intel provided more details on its 14A production process, highlighting its use of ASML's most advan…

    Intel provided more details on its 14A production process, highlighting its use of ASML's most advanced lithography machines and the implementation of PowerDirect, an improved backside power delivery system. Intel stated that several customers were already working with 14A development kits, though mass production dates were not yet known.

September 2024 — 1 developments

  1. Intel announced a multiyear, multi-billion-dollar deal with Amazon Web Services (AWS) to co-develop custom AI chips.

    Intel announced a multiyear, multi-billion-dollar deal with Amazon Web Services (AWS) to co-develop custom AI chips. This deal includes manufacturing an AI fabric chip on Intel 18A and a custom Xeon 6 chip on Intel 3, with expectations for deep engagement on designs spanning Intel 18A, 18AP, and 14A.