Intel’s foundry division, which CEO Pat Gelsinger launched at the beginning of last year, is a crucial aspect of the chip maker’s recovery plan.
Since its inception, the company has produced custom-designed chips for computers and servers.
In addition, Intel’s (NASDAQ: INTC) Fabrication attempts to address the growing demand for sophisticated semiconductor manufacturing capacity by making chips for third parties.
The agreement between MediaTek (2454. TW) and Intel (INTC) already existed in the 5G data card industry, and this announcement just expands that partnership to include the production of intelligent edge devices.
Intel stock was up 0.6% in Monday morning’s premarket trading.
