Apr. 13, 2023 /SemiMedia/ -- According to a Reuters report, Intel announced that its chip foundry manufacturing unit will cooperate with Arm, a UK-based chip design company, to ensure that mobile phone chips and other products using Arm technology can be produced at Intel's fabs.

For a long time, Intel's wafer foundry manufacturing advantage has been weakened by competitors such as TSMC. Intel's turnaround strategy depends in part on opening up its foundry business to other chip designers, especially mobile phone chip companies.

It is worth noting that SoftBank will sign an agreement with Nasdaq this week to prepare to list Arm on Nasdaq and launch an IPO as early as this fall.