Vivek Arya
Thanks for taking my question. Back one more on the Foundry business. We have heard that Intel commit, I think 20 billion to the U.S. Foundry over the next several years, another 20 billion to Foundry operations in Europe. I'm curious when that spending is going to start, and importantly, who are the target customers? Because when I look at the fabulous landscape, it's not the cloud vendors who are the large fabless customers. It's Apple, it's Qualcomm, it's NVIDIA, Marvell, AMD, etc. Many of them compete against Intel. I'm curious, who is -- who are the target customers here that can justify this nearly 40 billion of spending that Intel is committing to from a Foundry perspective? Thank you.
George Davis
Yeah. Vivek, this is George. A couple of things. Number 1, we're short of supply, so we're the first big customer going into that expanded capacity, and we'll open up those facilities, getting the shells, and what I would call the lower-cost elements in place, is something that quite frankly we'd fallen behind on over the last few years. So this is -- we're playing a little catch-up just for our own requirements. With Foundry, we'll be talking about some potential customers. We've talked about 100 customers that are talking to us about Foundry opportunities.
Obviously, when you bring on a new Foundry customer, as you look at the lead times that are needed for that and the lead times that are needed to actually do the most expensive part of adding to your capacity, those things actually line up pretty well, so we'll manage that, manage that quite tightly. We'll go into this in more detail in November, but it's not a -- this is not intended to be a, we'll just keep building and hoping that somebody shows up. It's going to be tied to the demand signals that we're receiving. And that, not only for us, which are significantly in excess of our capacity today, but also for the customers we're working with, which I believe we'll be talking about more next week at our event.
