Intel has hired Suk Lee, a TSMC veteran, to lead its newly established Ecosystem Technology Office. Suk Lee will be responsible for expanding the design technology ecosystem at the Intel Foundry Services division by bringing in additional partners. Ecosystem development is crucial for the long-term success of IFS, Intel's contract chip production business.
For over a year, Intel has been working diligently to make IFS work. It hired many new people and even acquired Tower Semiconductor to obtain more talent, a set of clients, and mature/specialty process technologies. Poaching a high-ranking TSMC executive is a landmark event and is another example of how serious Intel is about its contract manufacturing business.