The chipmaker is trying to cash in on a fast-growing market for the semiconductors it builds.

Cars have long used processors to control engines, antilock brakes, in-dash navigation systems and other subsystems.

“This takes talent.

It takes a different approach.

It takes more resources,” Farly said.

And he’s boosted by explosive demand for chips he’s calling a new golden age for the industry.

Intel’s earlier foundry efforts faltered, but Gelsinger promises things will be different this time.

IFS is intended to deliver some of that volume.

A major Intel challenge is persuading shareholders to come along for its multiyear recovery plan.

Newchip fabrication plants, or fabs, cost about $10 billion each these days.

It’ll do so with better graphics chips for AI, gaming and professional workstations.

The first product in the effort, Intel’s Arc graphics chip for laptops, will ship this quarter.

Intel announced three new GPU developments on Thursday, too: