Intel (INTC) is working on a foundry partnership with Cisco (CSCO) in which the former would manufacture the latter's custom processors, Piper reports. The firm thinks the deal could represent a $1B/year opportunity. Intel entered the foundry market earlier this year, betting its huge resources and cutting-edge manufacturing processes would make it a worthy rival to the likes of TSM and UMC. But its customer wins have thus far been limited.
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