Intel has announced a key customer win and changes to its foundry business as the beleaguered chipmaker looks to execute a turnaround. Intel is taking steps to transition its chip foundry division, Intel Foundry, to an independent subsidiary, Intel CEO Patrick Gelsinger said in a blog post. Intel Foundry’s leadership isn’t changing, and the subsidiary […]
Foundry is shutting down in slow motion
Listen here or wherever you get your podcasts. Hello, and welcome to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. We had a power trio on the show today! Mary Ann dropped some hot takes, Karyne jumped back in the saddle, and Alex tagged along for the […]
Foundry Group is shutting down and won’t raise another fund
Foundry Group, an 18-year-old venture firm with nearly $ 3.5 billion in assets under management, has quietly decided to shut down and not raise any more funds. The move was unexpected considering that the firm announced a $ 500 million fund last year. Boulder, Colorado-based Foundry first announced that its current fund would be its […]