Intel Strikes Manufacturing Deal to Produce Chips Designed by Taiwan’s MediaTek

U.S. chip manufacturer Intel announced an agreement with Taiwan’s MediaTek on Monday. According to the agreement, Intel will produce chips for the Taiwanese company, which is one of the world’s biggest chip design firms. The deal has become one of the most important manufacturing deals Intel has signed since it launched its foundry business early last year.

A foundry business produces chips that other companies design. Taiwan Semiconductor Manufacturing Co (TSMC) is the top player in that space. Intel has mainly built chips it designed itself.

President of Intel Foundry Services Thakur said it was a big deal for the company to engage a customer from Taiwan and the customer betting on them to grow.

Experts have been skeptical of Intel’s ability to pull off a foundry business, but the deal showed it’s on the right path and its investments are paying off.

Intel hasn’t revealed any financial details or how many chips it would produce for MediaTek. However, it said that the first products would be manufactured in the next 18- to 24- month period and will be in a more mature technology process called Intel 16, with the chips used for smart devices.

MediaTek statement underlined that the company has always adopted a multi-sourcing strategy. “In addition to maintaining close partnership with TSMC in advanced process nodes, this collaboration will enhance MediaTek’s supply for mature process nodes.” the statement added.

Intel previously announced that its foundry business has signed deals with Qualcomm and

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