Intel has announced the formation of a new business unit dedicated to the design and manufacturing of application-specific integrated circuits (ASICs) for external clients. This initiative will be led by the company's newly formed Central Engineering Group and will leverage Intel's existing engineering talent and manufacturing capabilities to create custom silicon for a variety of customers. This development follows Intel's strong third-quarter earnings report, which exceeded analyst expectations and indicated a recovery in the PC market. The company is also planning for a 290 million unit PC total addressable market in 2025, with artificial intelligence being a key demand driver. In other operational news, Intel is reportedly looking to shift more of its assembly, packaging, and testing operations to Vietnam. There has been no significant market reaction to the ASIC business announcement at this time.