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2026-07-22·INTC·design win
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Intel announced a strategic collaboration with Fortinet to co-develop and manufacture the Fortinet Security Processor 6...

Intel announced a strategic collaboration with Fortinet to co-develop and manufacture the Fortinet Security Processor 6 (SP6) on the Intel 4 node, marking the first named external customer for Intel's foundry business under CEO Lip-Bu Tan.

window 75devidence 19confidence score 100price INTC $96.98

confidence score

Strong evidence: 12 independent source classes support this read.

100
high confidence12 independent source classesotherofficialnewscommunitymarketpasses publish gate
priced-in check

INTC has already moved up +42% over the recent 30-90 day window.

partly priced
as of 2026-07-167d n/a45d n/a90d +42%yahoo

signal brief

Intel announced a strategic collaboration with Fortinet to co-develop and manufacture the Fortinet Security Processor 6 (SP6) on the Intel 4 node, marking the first named external customer for Intel's foundry business under CEO Lip-Bu Tan. The agreement covers chip design, advanced packaging, and manufacturing, making Fortinet the first cybersecurity vendor named as an Intel silicon customer (Tom's Hardware, 2026-07-21: https://www.tomshardware.com/tech-industry/semiconductors/intel-to-co-develop-and-manufacture-fortinets-next-gen-firewall-asic). CNBC reported that Intel 4 is an older EUV process used for simpler networking ASICs, but the win demonstrates progress in attracting external clients (CNBC, 2026-07-21: https://www.cnbc.com/2026/07/21/intel-foundry-lands-fortinet-as-first-customer-for-security-chips.html). ServeTheHome noted that Fortinet's previous SP5 was a TSMC 7nm chip, so Intel is gaining a TSMC customer (ServeTheHome, 2026-07-21: https://www.servethehome.com/intel-foundry-nabs-a-custom-asic-win-with-fortinet-fortisp6-sp6/). Concurrently, Intel announced further layoffs in its Data Center Group, but the stock rallied on the foundry news (Bloomberg, 2026-07-21: https://www.bloomberg.com/news/articles/2026-07-21/intel-rallies-after-saying-it-ll-make-more-headcount-reductions). The Fortinet win provides tangible evidence that Intel's foundry strategy is gaining traction, potentially opening the door for larger customers.

What the sources said:

  • "Intel to co-develop and manufacture Fortinet's next-gen firewall ASIC on Intel 4 — node gets its first named external customer" (Tom's Hardware, https://www.tomshardware.com/tech-industry/semiconductors/intel-to-co-develop-and-manufacture-fortinets-next-gen-firewall-asic).
  • "Fortinet will use Intel's foundry to produce its next-generation security chip... marking a win for Intel CEO Lip-Bu Tan" (CNBC, https://www.cnbc.com/2026/07/21/intel-foundry-lands-fortinet-as-first-customer-for-security-chips.html).
  • "I believe the FortiSP5 was a TSMC 7nm processor, so Intel is gaining a customer that was previously TSMC’s" (ServeTheHome, https://www.servethehome.com/intel-foundry-nabs-a-custom-asic-win-with-fortinet-fortisp6-sp6/).

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Decision support, not stock advice. This signal is research with cited evidence — not a recommendation to buy, sell, or hold any security.