Intel Foundry
Foundry revenue rose 31% to $5.8B in Q2 2026 and its operating loss narrowed to $2.1B. The main open question is whether it can sign outside customers for 14A.
The numbers
What it is
Intel's contract manufacturing and advanced-packaging business. It makes its own chips and offers foundry services to outside customers. Foundry services include design enablement and packaging.
Why it matters to the stock. Foundry decides whether Intel can grow beyond its own products. Outside wafer orders, especially for 14A, would be the clearest sign of a turnaround.
News
Reuters reports SK hynix in talks with Intel on first U.S. memory production; company says nothing decided
Reuters reported on September 16 that SK hynix is in exploratory talks with Intel to make memory chips in the United States, which would be its first U.S.-based memory production.
Intel Foundry and ASML say High NA EUV is in high-volume use
Intel Foundry and ASML said High NA EUV lithography is already in high-volume production at Intel Foundry, with over one million wafers processed and use on select layers of Panther Lake chips.
Intel commits EUR 5 billion to expand Intel 3 capacity for Xeon 6
Intel announced a 5 billion euro investment to expand manufacturing capacity on Intel 3, which will increase production of Xeon 6 and next-generation Xeon processors.
Intel and Fortinet agree to co-develop Fortinet's SP6 security processor
Intel and Fortinet announced a strategic partnership to help develop Fortinet's Security Processor 6 (SP6), combining Fortinet's chip design know-how with Intel's design, packaging and manufacturing capabilities.
Intel hires Seok-Hee Lee as Foundry EVP to run advanced packaging; Navid Shahriari retires
Intel appointed Seok-Hee Lee executive vice president of Intel Foundry, reporting to CEO Lip-Bu Tan, and made advanced packaging a dedicated business under her.
WSJ reports Intel reached preliminary deal to make some chips for Apple; Intel stock rises about 15%
The Wall Street Journal reported on May 8, 2026 that Intel has reached a preliminary deal to make some chips for Apple devices.
Intel Reports First-Quarter 2026 Financial Results
Intel reported first-quarter 2026 revenue of $13.6 billion, up 7% year over year, and non-GAAP EPS of $0.29 attributable to Intel.
Intel joins Elon Musk's Terafab chip project with SpaceX, xAI and Tesla
Intel said it will help Elon Musk's Terafab project in Austin, Texas, with chip design, fabrication and advanced packaging.
Intel agrees to buy back Apollo's 49% stake in Ireland Fab 34 venture for $14.2B
Intel agreed to repurchase the 49% stake that Apollo-managed funds held in the joint venture tied to its Fab 34 plant in Ireland, for $14.2 billion.
Intel says two prospective customers are weighing 14A, with commitments due in H2 2026
On its Q4 2025 earnings call, Intel said two prospective customers are evaluating its 14A process.