Intel’s foundry business partners with Mediatek to build chips

US chip manufacturing giant Intel (NASDAQ: INTC) has partnered with Taiwan-based MediaTek to build chips for "a range of smart edge devices" using Intel Foundry Services (IFS).

Intel said in a statement that the aim of the partnership is to help MediaTek build a "more balanced, resilient supply chain," with added capacity in the US and Europe. MediaTek plans to use Intel process technologies to manufacture multiple chips for a range of smart edge devices.

Intel launched IFS last year in a bid to take advantage of the rising global demand for semiconductor chips. IFS offers a manufacturing platform with technologies optimized for high performance, low power and always-on connectivity built on a roadmap that spans production-proven three-dimensional FinFET transistors to next-generation breakthroughs.

The US Senate is set to vote on the CHIPS Act designed to bolster domestic semiconductor manufacturing with tax credits and up to $52 billion in subsidies.