Fortinet Becomes First Named Customer for Intel's Foundry Under New CEO Tan

Fortinet has signed on as the first publicly announced customer for Intel's foundry business under new CEO Lip-Bu Tan, who assumed leadership in March 2025. The cybersecurity company will use Intel's manufacturing services for security chip production, marking a significant win for Intel's effort to diversify revenue beyond its core processor business.

Why it matters: Intel's foundry pivot under new leadership is critical to the chipmaker's turnaround strategy, and securing marquee customers like Fortinet validates the business model and signals competitive manufacturing capability to the broader industry.