Intel Launches $1 Billion Fund to Build a Foundry Innovation Ecosystem

New fund will strengthen Intel’s foundry business and drive adoption of disruptive technologies.

What’s New: Intel today announced a new $1 billion fund to support early-stage startups and established companies building disruptive technologies for the foundry ecosystem. A collaboration between Intel Capital and Intel Foundry Services (IFS), the fund will prioritize investments in capabilities that accelerate foundry customers’ time to market – spanning intellectual property (IP), software tools, innovative chip architectures and advanced packaging technologies. Intel also announced partnerships with several companies aligned with this fund and focused on key strategic industry inflections: enabling modular products with an open chiplet platform and supporting design approaches that leverage multiple instruction set architectures (ISAs), spanning x86, Arm and RISC-V.

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With the advent of advanced 3D packaging technologies, chip architects are increasingly adopting a modular approach to design – moving from system-on-chip to system-on-package architectures. This provides a way to partition complex semiconductors into modular blocks called “chiplets.” (Credit: Intel Corporation)

“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 chiplet platform, we can help drive the ecosystem to develop disruptive technologies across the full spectrum of chip architectures.”

–Pat Gelsinger, Intel CEO

How It Works: 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.

A robust ecosystem is critical to helping foundry customers bring their designs to life using IFS technologies. The new innovation fund was created to strengthen the ecosystem in three ways:

• Equity investments in disruptive startups.
• Strategic investments to accelerate partner scale-up.
• Ecosystem investments to develop disruptive capabilities supporting IFS customers.

“Intel is an innovation powerhouse, but we know that not all good ideas originate from within our four walls,” said Randhir Thakur, president of Intel Foundry Services. “Innovation thrives in open and collaborative environments. This $1 billion fund in partnership with Intel Capital – a recognized leader in venture capital investing – will marshal the full resources of Intel to drive innovation in the foundry ecosystem.”

Saf Yeboah, senior vice president and chief strategy officer at Intel, said: “Intel Capital’s history and expertise are rooted in chips. Over the last 30 years, we have invested over $5 billion into 120 companies supporting the semiconductor manufacturing ecosystem, from the materials coming out of the ground to the software tools used to implement a design. Our investments, which range from pathfinding bets into early-stage companies to deeply strategic and collaborative investments, drive innovation across architecture, IP, materials, equipment and design.”

About the Open RISC-V Ecosystem: A key part of the IFS strategy is to offer a broad range of leadership IP optimized for Intel process technologies. IFS is the only foundry to offer IP optimized for all three of the industry’s leading ISAs: x86, Arm and RISC-V.

As the leading open-source ISA, RISC-V offers a level of scalability and customization that is unique in the industry. There is strong demand from foundry customers to support more RISC-V IP offerings. As part of the new innovation fund, Intel is planning investments and offerings that will strengthen the ecosystem and help drive further adoption of RISC-V. The fund will help disruptive RISC-V companies innovate faster through IFS by collaborating on technology co-optimization, prioritizing wafer shuttles, supporting customer designs, building development boards and software infrastructure and more.

Intel is joining forces with leading partners in the RISC-V ecosystem, including Andes Technology, Esperanto Technologies, SiFive and Ventana Micro Systems. IFS plans to offer a range of validated RISC-V IP cores, performance-optimized for different market segments. By partnering with leading providers, IFS will optimize IP for Intel process technologies to ensure that RISC-V runs best on IFS silicon across all types of cores, from embedded to high-performance. Three types of RISC-V offerings will be made available:

• Partner products manufactured on IFS technologies.
• RISC-V cores licensed as differentiated IP.
• Chiplet building blocks based on RISC-V, leveraging advanced packaging and high-speed chip-to-chip interfaces.

See “Fact Sheet: Catalyzing the RISC-V Ecosystem” to learn more about how IFS is catalyzing the RISC-V ecosystem with leading partners.

In addition to hardware and IP, a rich open source software ecosystem is critical for accelerating the growth and adoption of the RISC-V processor and fully unlocking value for chip designers. IFS will sponsor an open-source software development platform that allows for freedom in experimentation, including partners across the ecosystem, universities and consortia. To further this program, today the company announced that it is joining RISC-V International, a global nonprofit organization supporting the free and open RISC-V instruction set architecture and extensions.

“I'm delighted that Intel, the company that pioneered the microprocessor 50 years ago, is now a member of RISC-V International,” said David Patterson, emeritus professor at University of California, Berkeley, distinguished engineer at Google and vice chair of the board for RISC-V International.

About the Open Chiplet Platform: With the advent of advanced 3D packaging technologies, chip architects are increasingly adopting a modular approach to design – moving from system-on-chip to system-on-package architectures. This provides a way to partition complex semiconductors into modular blocks called “chiplets.” Each block is customized for a particular function, providing designers incredible flexibility to mix and match the best IP and process technologies for the product application. The ability to reuse IP also shortens development cycles and reduces the time and cost of bringing a product to market.

While there are opportunities in many segments, the data center market is one of the first to adopt modular architectures. Many cloud service providers (CSPs) are looking to create customized compute machines that incorporate accelerators, with the goal of improving data center performance for workloads such as artificial intelligence. Closely integrating accelerator chiplets in the same package as a data center CPU enables significantly higher performance and reduced power compared to placing accelerator cards near CPU boards.

Truly tapping the power of modular architectures requires an open ecosystem since the approach brings together design IP and process technologies from multiple vendors. IFS is enabling this ecosystem with its open chiplet platform, co-developed with CSPs to accelerate the platform and package integration of customers’ accelerator IP. The platform will leverage Intel’s leadership packaging capabilities with IP optimized for IFS’ advanced process technologies, combined with services to accelerate customer time to market with integration and validation.

Additionally, Intel is committed to partnering with other industry leaders to develop an open standard for a die-to-die interconnect that allows chiplets to communicate with each other at high speeds. Leveraging a strong track record of widely deployed standards - such as USB, PCI Express and CXL - the industry can drive a new, open ecosystem that will enable interoperable chiplets from different foundries and process nodes to be packaged using a wide variety of technologies.

The new open chiplet platform is seeing strong momentum with customers who value the ability to rapidly integrate accelerators optimized to new and evolving data center workloads.

More Context: Innovation Starts Here: Partnering to Power the Foundry Ecosystem (Randhir Thakur Editorial) | Catalyzing the RISC-V Ecosystem (Fact Sheet) | Intel Foundry Services | Intel Foundry Services Launches Ecosystem Alliance to Accelerate Customer Innovation

About Intel

Intel (Nasdaq: INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. Inspired by Moore’s Law, we continuously work to advance the design and manufacturing of semiconductors to help address our customers’ greatest challenges. By embedding intelligence in the cloud, network, edge and every kind of computing device, we unleash the potential of data to transform business and society for the better. To learn more about Intel’s innovations, go to newsroom.intel.com and intel.com.

© Intel Corporation. Intel, the Intel logo and other Intel marks are trademarks of Intel Corporation or its subsidiaries. Other names and brands may be claimed as the property of others.

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