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  • Intel CEO Pat Gelsinger Announces ‘IDM 2.0’ Strategy for Manufacturing, Innovation and Product Leadership

    Pat Gelsinger
    • Announcing manufacturing expansion plans; beginning with ~$20 billion investment to build two new fabs in Arizona  
    • Intel 7 nanometer process development progressing well with tape in of 7nm compute tile for “Meteor Lake” expected in the second quarter of 2021 
    • Announcing Intel Foundry Services with plans to become a major provider of foundry capacity in the U.S. and Europe to serve customers globally 
    • Announcing plans for new research collaboration with IBM 
    • Bringing the spirit of Intel Developer Forum event back this year with Intel Innovation event planned for October in San Francisco 

    SANTA CLARA, Calif., March 23, 2021  Today, Intel CEO Pat Gelsinger outlined the company’s path forward to manufacture, design and deliver leadership products and create long-term value for stakeholders. During the company’s global “Intel Unleashed: Engineering the Future” webcastGelsinger shared his vision for “IDM 2.0, major evolution of Intel’s integrated device manufacturing (IDM) modelGelsinger announced significant manufacturing expansion plans, starting with an estimated $20 billion investment to build two new factories (or “fabs”) in Arizona. He also announced Intel’s plans to become a major provider of foundry capacity in the U.S. and Europe to serve customers globally.

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