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Laxman Pai, Opalesque Asia:

Intel is launching a $1 billion fund to support early-stage startups or other companies building technology for the foundry ecosystem.

That could include novel intellectual property, software tools, chip architecture, or advanced packaging, all with the common theme of technology that speeds products to market.

The fund was announced following a collaboration between Intel's venture capital arm Intel Capital and its recently launched Intel Foundry Services (IFS) business. The IFS business will use the chipmaker's semiconductor fabs to produce processors for other companies, such as cloud providers, based on their own custom designs.

"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 chipset platform, we can help drive the ecosystem to develop disruptive technologies across the full spectrum of chip architectures," said Pat Gelsinger, Intel CEO.

As a key part of its IDM 2.0 strategy, Intel recently established IFS to help meet the growing global demand for advanced semiconductor manufacturing. In addition to providing leading-edge packaging and process technology and committed capacity in the U.S. and Europe, IFS is positioned to offer the foundry industry's broadest portfolio of differentiated IP, including all of the leading ISAs.

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