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Intel invests $20 billion in new foundry business to compete with the likes of TSMC and Samsung

While the announcement of 7nm Intel CPUs stole headlines last night following Intel's 'Engineering the Future' event last night, the bigger announcement is arguably Intel's decision to set up its own foundry business. Intel has used its own foundry facilities to produce chips for years now and soon, Intel will be opening up its doors to fabricate chips for other companies too.

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