The head of Intel wafer foundry service resigned!

Nov 22,2022

According to The Register, Randhir Thakur, head of Intel OEM service, has resigned. Analysts said that the company would be "extremely difficult" in the next few years.

Intel said in an email that Takur "has decided to resign and seek opportunities outside the company". But "he will remain in office until the first quarter of 2023 to ensure a smooth transition to the new leader."

According to the news, William Moss, an Intel spokesman, confirmed the news.

"We thank Takur for the great progress he has made for IFS (wafer foundry service) and for laying the foundation for Intel to become a world-class foundry." Moss said in a statement.

Matthew Ramsay, semiconductor analyst at Cowen, said that he held a balanced view on Intel's stock. Intel would be difficult in the near future, and whether the transformation plan could be successful has not been determined. In his view, after a tough 2022, the year 2023-2024 may be particularly difficult for Intel.

Intel OEM service is part of Kissinger's IDM 2.0 strategy. The plan is to double manufacturing by 2025 and surpass TSMC and Samsung in the field of advanced chip manufacturing. According to data, in the third quarter, Intel OEM services generated only $171 million, accounting for 1.1% of the company's $15.3 billion revenue in the same period.