Intel’s ambitions to compete with Taiwan Semiconductor blow Samsung after shedding foundry head – Intel (NASDAQ:INTC)

Intel's ambitions to compete with Taiwan Semiconductor, Samsung suffer blow after losing foundry head

  • Intel Company INTC Govt Randhir Thakur, who spearheaded its push into the contract-manufacturing business, is leaving the chip maker, jeopardizing CEO Pat Gelsinger’s turnaround plan.
  • “Thakur has determined to step down from his place to pursue alternatives exterior the corporate,” Bloomberg mentioned, citing an emailed assertion.
  • “He’ll keep on till the primary quarter of 2023 to make sure a easy transition to a brand new chief.”
  • Learn additionally: US$52B chip funding for Intel, TSMC, Samsung will price them China ambitions: report
  • After shedding its function as chief of the $580 billion chip business, Intel is about to change into a so-called foundry, a sector Taiwan Semiconductor Manufacturing Firm, Ltd tsm And Samsung Electronics Co., Ltd. ssnlf,
  • Thakur had sought to get Intel on the identical monitor.
  • The trouble contains plans to construct new crops within the US and Europe to win chip-making contracts Apple Inc AAPL And Qualcomm Inc qcom,
  • Thakur will keep on till Intel completes its acquisition Tower Semiconductor Restricted TSEM,
  • Value Motion: INTC shares final traded at $29.29 on Tuesday, up 1.21%.

Supply hyperlink