IT News - Technology

Gelsinger, who rejoined the company five weeks ago after eight years leading VMware, laid out his plan Tuesday in a webcast titled 'Intel Unleashed - Engineering the Future.'

"The announcement had three thrusts: getting 7nm back on track with EUV technology, launching Intel Foundry Services with a $20 billion investment in two new fabs, and a new research collaboration with IBM. The company also announced it is reviving the spirit of the Intel Developer Forum event with the launch of Intel On, planned for October in San Francisco.

Out of the gate, Gelsinger said that the company's 7nm process issue had been resolved, thanks in large part to Intel's full embrace of EUV, where the company was previously on the wrong side of the EUV maturity curve'..."

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