Intel's decision to make its foundry business an independent subsidiary aims to improve financial stability, leveraging external funding opportunities without altering leadership structures.
Pat Gelsinger mentioned that unlocking important benefits through the subsidiary setup will allow for new funding avenues, crucial as Intel navigates significant losses and restructuring.
Intel's foundry faced severe financial losses in 2023 and anticipates a larger operating loss in 2024, with hopes of breaking even by 2027.
Despite investing billions to modernize its fabrication plants, Intel's foundry business has struggled with profitability, exacerbated by failures in its next-gen manufacturing processes.
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