Intel has decided to tap into the ASIC and design business as its next major venture, and according to the latest comments by CEO Lip-Bu Tan, the effort will play a crucial role in the firm's operations.

Intel's ASIC Business Could Turn The Firm's Foundry Into a 'Complete Package', Making it a Compelling Option For Big Tech

For those unaware, Intel had recently announced the creation of the Central Engineering Group (CEG) to consolidate all the engineering talent within the firm into a single division. And this would give "more power to the engineers" onboard. The department is headed by Srini Iyengar, who joined Intel from Cadence Systems in July. Now, while the division doesn't seem to be an integral part by the looks of it, based on what CEO Lip-Bu Tan has stated in the past, Intel'

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