“Head of Intel’s New Foundry Division Resigns” – Computing – News

Randhir Thakur, president of Intel’s Foundry Services division, has resigned. This can be seen from an internal email that was viewed by The Register. Thakur wants to “seize other opportunities”. Intel Foundry Services must eventually produce chips for other companies.

Technologiewebsite The Registry read an email from Intel CEO Pat Gelsinger, announcing Thakur’s departure to company employees. An Intel spokesperson confirmed the departure to the news site. Thakur will continue to work at IFS until Q1 2023, writes The Registry.

The company will soon announce a successor, Gelsinger informs company employees. According to Gelsinger, Thakur is leaving because he wants to seize “other opportunities”, but the CEO will not go into details. Thakur has been involved in acquiring “major customers in the market segments” for mobile and automotive, writes The Register. The manufacturer has previously confirmed this, among other things Qualcomm in MediaTek wishes to have chips made by Intel for the long term.

Intel Foundry Services it was announced early last year as part of Intel’s new IDM 2.0 strategy. With this, the company no longer only wants to produce chips for itself, but also wants to act as an external foundry for other companies. The American chip maker wants to compete with Asian market leaders TSMC and Samsung. To this end, the company is building new chip factories, among other things in the US state of Arizona, Ohio in German city of Magdeburg. Agency it also acquired chip maker Tower Semiconductorwhich focuses on niche semiconductors, such as for automotive chips, image sensors, power management chips, and silicon photonics on older processes.

However, IFS is currently still in a startup phase. Last quarter, the business division reported revenue of $171 million, or about 1.1 percent of Intel’s total revenue. The company is currently developing 35 test chips for customers, Gelsinger said in his email.