Is Cisco Intel's $1 billion foundry deal?

Peter Clarke, EETimes
10/11/2012 7:23 AM EDT

The word on the street in Bratislava, Slovakia, is that Intel's foundry operation has started or will start to make chips for Cisco. What is more the deal could be worth as much as $1 billion.

That's what we heard at the International Electronics Forum held in Bratislava last week and organized by market analysis firm Future Horizons. It did come couched as a "just a rumor" from one of the speakers, but in addition analysts at investment bank Piper Jaffray have reportedly told clients in a note that Cisco could cut a foundry partnership deal with Intel worth $1 billion.

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