The Register reports that Randhir Thakur, president of Intel Foundry Services and senior vice president, will step down from his position as head of the semiconductor developer's contract manufacturing business. Intel CEO Pat Gelsinger and press spokesman William Moss have already officially confirmed this personnel.
Intel Foundry picks up speed and the boss is leaving
After Intel CEO Pat Gelsinger announced the revival of Intel's foundry business, Intel Foundry Services (IFS) and the new foundry model IDM 2.0 in March 2021 and an investment volume of promised at least 20 billion US dollars for new factories and production facilities, Intel received the first orders from the US government in August of the same year, which will start manufacturing at Intel in 2025.
Following the $5.4 billion acquisition of relatively small contract manufacturer Tower Semiconductor, the business and $20 billion mega-fab is clearly on course for further expansion.
But the head of IFS is stepping down, Intel spokesman William Moss confirmed to The Register.
We're grateful to Randhir for the tremendous progress IFS has made and for laying the foundation for Intel to become a world-class systems foundry.
We wish him all the best in his new endeavors.
William Moss, Press Secretary, Intel
The head of Intel Foundry Services “has decided to pursue other options,” said Intel CEO Pat Gelsinger in an internal email to the chipmaker's employees.
Randhir has been a key member of the Executive Leadership Team for the past two and a half years and has served in several senior leadership roles since he joined us in 2017. His contributions to our IDM 2.0 transformation are many, but most notable is his leadership in standing up our IFS business.
Pat Gelsinger, CEO, Intel
Randhir Thakur, who has held management positions at Intel since 2017 and has been a member of the company's Executive Leadership Team for around two and a half years, will remain in his position as President of Intel Foundry Services until the first quarter of 2023 and train his successor. According to Pat Gelsinger, this will be presented “soon”.
Tower Semiconductor is to take over
The current boss must therefore inevitably give way to the new management, which would also explain the particularly benevolent words of his highest superior and the company itself after a rather short term of office .