Intel Names Fortinet as First Outside Customer for Foundry Business Under CEO Lip-Bu Tan
Intel has announced that cybersecurity company Fortinet will use its foundry to produce a next-generation security chip, marking the first named outside customer since Lip-Bu Tan became CEO in March 2025. The news sent Intel's stock up more than 8% on Tuesday and comes ahead of its Q2 earnings report due Thursday.
Topics: Fortinet foundry business Intel semiconductors