Intel Pledges $1 Billion Chip Fund To Help Foundry Innovation Ecosystem

- Advertisement -

As part of that announcement, Intel also became a premier member of RISC-V International

US-based chipmaker Intel has announced a new $1 billion fund to support early-stage startups and established companies building disruptive technologies for the foundry ecosystem.

The fund will prioritize investments in intellectual property (IP), software tools, innovative chip architectures and advanced packaging technologies. It is a collaboration between Intel Capital and Intel Foundry Services (IFS).

- Advertisement -

Additionally, the chipmaker has also revealed that it is partnering with several companies aligned with this fund, helping them with design and validation of advanced chips on all major architectures, including x86, Arm, and RISC-V.

“Intel is joining forces with leading partners in the RISC-V ecosystem, including Andes Technology, Esperanto Technologies, SiFive and Ventana Micro Systems,” it said in a statement.

“Foundry customers are rapidly embracing a modular design approach to differentiate their products and accelerate time to market. Intel Foundry Services is well-positioned to lead this major industry inflection. With our new investment fund and open chiplet platform, we can help drive the ecosystem to develop disruptive technologies across the full spectrum of chip architectures,” said Intel CEO Pat Gelsinger.

As part of that announcement, Intel also became a premier member of RISC-V International, which oversees the design and direction of the open-source instruction set architecture.

The new innovation fund is created to strengthen the ecosystem with equity investments in disruptive startups; strategic investments to accelerate partner scale-up and; ecosystem investments to develop disruptive capabilities supporting IFS customers.

Intel has identified manufacturing as a priority for its future survival as Arm and RISC-V gain momentum in traditional x86 strongholds areas like servers.

The chip giant recently invested $20bn to open up fabs near Columbus, Ohio. It is also expanding manufacturing operations in Arizona, New Mexico, Oregon, and Ireland.

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Buzz

Drone

First Drone School Destination in NE: Guwahati

0
In the pursuance of the ‘Act East’ policy and the aim to make India a drone tech hub, northeast India has got its first...

8 EMC Projects Completed

0
The Electronics Manufacturing Cluster is leaving no stone unturned for setting up operational units around the country. Out of the 3464.42 acres, 1342 acres...

Kentucky Company Rubicon Tech Now on NYSE

0
The Kentucky-based leading tech company, Rubicon Technologies, Inc. (Rubicon), has announced trading on the New York Stock Exchange (NYSE) beginning Tuesday. The step followed...

Exclusive

8 EMC Projects Completed

0
The Electronics Manufacturing Cluster is leaving no stone unturned for setting up operational units around the country. Out of the 3464.42 acres, 1342 acres...

Kentucky Company Rubicon Tech Now on NYSE

0
The Kentucky-based leading tech company, Rubicon Technologies, Inc. (Rubicon), has announced trading on the New York Stock Exchange (NYSE) beginning Tuesday. The step followed...

38 Million Units Shipped by Indias’ Wearables Market

0
As per reports, 23.9 million wearable devices have been shipped April-June, 2022. With a growth of 113% YoY, 38 million units were shipped in...

Important Sectors

Drone

First Drone School Destination in NE: Guwahati

0
In the pursuance of the ‘Act East’ policy and the aim to make India a drone tech hub, northeast India has got its first...

I-Day Gift: Ola Electric Car in 2024!

0
Ola Electric, at an event on Monday, announced the launch of their first electric car by 2024. Though not much has been revealed about...

Indian Chip Industry to Cross $300 billion by 2026

0
As India gradually strides toward becoming Aatmanirbhar, a new report on the chip component industry avouch for this growth. The report of India Electronics...
EV

Volkswagen Testing ŠKODA EVs in India

0
German auto giant Volkswagen has begun to test some ŠKODA EVs in India. As per a senior official of the company, the step aims...
World Economic Forum

WEF’s Drones to Deliver Medicines in Arunachal

0
On the occasion of India’s 76th Independence Day, World Economic Forum (WEF) has initiated a pilot project called ‘Medicine from the Sky’ in Arunachal...

Manufacturing

I-Day Gift: Ola Electric Car in 2024!

0
Ola Electric, at an event on Monday, announced the launch of their first electric car by 2024. Though not much has been revealed about...

Indian Chip Industry to Cross $300 billion by 2026

0
As India gradually strides toward becoming Aatmanirbhar, a new report on the chip component industry avouch for this growth. The report of India Electronics...
EV

Volkswagen Testing ŠKODA EVs in India

0
German auto giant Volkswagen has begun to test some ŠKODA EVs in India. As per a senior official of the company, the step aims...

Mahindra To Launch Unveiled e-SUVs in 2024

0
On Monday, Indian auto-giant Mahindra & Mahindra (M&M) unveiled its five new electric sports utility vehicles (e-SUVs) --- XUV.e8, XUV.e9, BE.05, BE.07 and BE.09,...

US Aiming to Regain its Semiconductor Leadership

0
Semiconductors are now finding a rightful place in all areas such as national security, information technology, aerospace, and so forth. What is sad is...