Intel’s Turnaround Strategy Faces Major Setback as Qualcomm Declines Partnership

Intel’s ambitious foundry expansion plans have encountered a significant obstacle with Qualcomm’s CEO Cristiano Amon publicly stating his company will not utilize Intel’s manufacturing capabilities for its mobile processors. According to Amon, Intel’s production technology hasn’t yet reached the maturity required for power-efficient mobile chips. Instead, Qualcomm will maintain its existing manufacturing partnerships with TSMC and Samsung.

This rejection represents a substantial setback for Intel’s foundry division, which the chipmaker is counting on to drive its corporate turnaround. The company needs to attract major clients to justify the enormous investments being made in rebuilding its manufacturing infrastructure.

Recent financial results underscore the magnitude of Intel’s challenges. The company’s second quarter 2025 results revealed Read more...