Intel will make processors for other companies, including its rivals
(Windows Phone Central)

One month after becoming Intel`s CEO, Pat Gelsinger announced some major changes. What you need to know Intel announced plans to produce chips for other companies. The company announced a $20 billion investment for two fabs in Arizona. Intel expects to finish its 7nm Meteor Lake processor designs in the second quarter of 2021. Intel annnounced massive changes in its `Intel Unleashed: Engineering the Future` webcast yesterday. New Intel CEO Pat Gelsinger announced plans for Intel to produce processors for other companies. Gelsinger also announced a planned $20 billion investment into two new fabs in Arizona. The CEO also specified that the designs for Intel`s 7nm Meteor Lake processors should be set in the second quarter of 2021. Gelsinger`s outlined changes are part of his IDM 2.0 vision. There are three components of this vision; Intel`s in-house manufacturing, Intel using third-party foundries for manufacturing, and the company`s new Intel Foundry Services that will produce c...