Intel (Nasdaq: INTC) launched a new $1 billion fund to support early-stage startups and established companies building disruptive technologies for the foundry ecosystem.
A collaboration between Intel Capital and Intel Foundry Services (IFS), the fund will prioritize investments in capabilities that accelerate foundry customers’ time to market – spanning intellectual property (IP), software tools, innovative chip architectures and advanced packaging technologies.
Intel also announced partnerships with several companies aligned with this fund and focused on key strategic industry inflections: enabling modular products with an open chiplet platform and supporting design approaches that leverage multiple instruction set architectures (ISAs), spanning x86, Arm and RISC-V.
As a key part of its IDM 2.0 strategy, Intel recently established IFS to help meet the growing global demand for advanced semiconductor manufacturing.
The new innovation fund was created to strengthen the ecosystem in three ways:
- Equity investments in disruptive startups.
- Strategic investments to accelerate partner scale-up.
- Ecosystem investments to develop disruptive capabilities supporting IFS customers.
FinSMEs
07/02/2022