Head of Intel's chip foundry services resigns

Randhir Thakur, head of Intel's contract chip production department, has resigned, and the report was confirmed by Intel. Thakur will continue to lead Intel Foundry Services through the first quarter of 2023 to ensure a smooth transition to the new leader.

Intel CEO Pat Gelsinger sent an email to company employees thanking Randhir Thakur for his investment in establishing Intel's chip foundry services (IFS, Intel Foundry Services) and for his commitment to the company's IDM 2.0 (Integrated Device Manufacturing 2.0) business model. help.

Randhir has been a valued member of the executive leadership team for the past two and a half years and has held several senior leadership roles since joining us in 2017, Intel's CEO wrote in an email cited by The Register "His contributions to our (Integrated Equipment Manufacturing) 2.0 transformation are many, but he is most commendable for his leadership in building our IFS business."

Indeed, Randhir Thakur has done quite a lot to be proud of at IFS. During his tenure, Intel announced the acquisition of Tower Semiconductor (which made Intel one of the largest chip contract manufacturers). He's also been instrumental in signing deals with giant chip developers like MediaTek, which also happens to be one of TSMC's biggest customers. The contract is a major win for IFS, which also won the US Department of Defense's Rapid Assured Microelectronics Prototype-Commercial (RAMP-C) program contract.

Tomshardware believes that IFS is currently not an ideal contract chip manufacturer, at least based on Intel's process technology roadmap to 2025. The companies announced plans so far have largely aligned its production nodes with their own manufacturing processes, which is good for Intel as an IDM (Integrated Design Manufacturer), but may not be enough to convince Apple, AMD and Nvidia Companies such as IFS use IFS services for their high-volume products.

Intel's foundry services segment will generate $171 million in revenue for the company's third fiscal quarter of 2022, which is only about 1.1% of the company's revenue.

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