A bold plan to spin out and revive Intel’s foundry business – SiliconANGLE

The time for Intel Corp. to shed its foundry business is now.

Though former Chief Executive Pat Gelsinger made a persuasive case for U.S.-based advanced semiconductor manufacturing, his vision was flawed from the start. Intel’s foundry operation, like IBM Corp.’s Microelectronics business a decade ago, is an asset with negative value. Yet its strategic significance for U.S. competitiveness in the AI semiconductor race cannot be overstated. If financial institutions are deemed too big to fail, then Intel’s foundry represents a similarly critical infrastructure for U.S. national interests.

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