Intel CEO: It will take Intel a long time to establish a competitive foundry business, Nikkei Asia reports, citing CEO Lip-Bu Tan, who said it took TSMC 10 – 20 years to become the world’s biggest chip foundry.

"From a foundry's point of view, Intel had to look at the longer-term horizon, and it's always very important to have very strong government involvement supporting," he said, adding that the business could become a growth driver "if we do it right," but "it takes time." $INTC $TSM #semiconductors https://asia.nikkei.com/business/tech/semiconductors/intel-chief-says-contract-chip-business-needs-strong-government-support