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Intel Corp (NASDAQ: INTC) executive Randhir Thakur, who headed its push into the contract-manufacturing industry, is leaving the chipmaker, jeopardizing CEO Pat Gelsinger’s turnaround plan.
Thakur “has decided to step down from his position to pursue opportunities outside the company,” Bloomberg reported citing an emailed statement.
“He will stay on through the first quarter of 2023 to ensure a smooth transition to a new leader.”
After losing its role as the leader of the $580 billion chip industry, Intel has set out to become a so-called foundry, an area dominated by Taiwan Semiconductor Manufacturing Company Ltd (NYSE: TSM) and Samsung Electronics Co, Ltd (OTC: SSNLF).
Thakur had sought to get Intel on that same track. The effort has included plans to build new plants in the U.S. and Europe to win chipmaking contracts from companies like Apple Inc (NASDAQ: AAPL) and Qualcomm Inc (NASDAQ: QCOM).
Thakur will stay on until Intel completes its acquisition of Tower Semiconductor Ltd (NASDAQ: TSEM).
Intel Corp (NASDAQ: INTC) executive Randhir Thakur, who headed its push into the contract-manufacturing industry, is leaving the chipmaker, jeopardizing CEO Pat Gelsinger’s turnaround plan. Thakur “has decided to step down from his position to pursue opportunities outside the company,” Bloomberg...
Complete nonsense. The Tower Semi CEO will take over and you do not want to bet against this man, absolutely.
Russell Ellwanger
Chief Executive Officer
Mr. Ellwanger has served as Chief Executive Officer since May 2005. He has served as Director since September 2016, and as Chairman of the Board of Directors of the Company’s subsidiaries: Tower Semiconductor USA, Inc., Tower US Holdings, Inc., Jazz US Holdings, Inc., Jazz Semiconductor, Inc., TowerJazz Panasonic Semiconductor Co., Ltd. and TowerJazz Texas, Inc. He also served as a director of the Company between May 2005 and April 2013. Prior to Tower, from 1996 to 2005, he served in various executive positions with Applied Materials Corporation including Group Vice President, General Manager of the Applied Global Services (AGS) division, Group Vice President, General Manager of the CMP and Electroplating Business Group, and Corporate Vice President, General Manager of the Metrology and Inspection Business Group, during which he was based in Israel. He also served as Vice President of Applied Materials’ 300-mm Program Office in the US. In addition, Mr. Ellwanger served as General Manager of Applied Materials’ Metal CVD Division and Managing Director of CVD Business Development, during which he was based in Singapore. Prior to Applied Materials, he held various managerial positions at Novellus Systems, Inc. from 1992 to 1996 and at Philips Semiconductors from 1980 to 1992.
My limited understanding is that Tower is a rather small player in the foundry space. Is it really the management team Intel is buying here or what? Because the revenue/income numbers aren’t going to do anything from absorbing tower alone.
My limited understanding is that Tower is a rather small player in the foundry space. Is it really the management team Intel is buying here or what? Because the revenue/income numbers aren’t going to do anything from absorbing tower alone.
Intel wants the team, the whole team. Tower will now have access to FinFET nodes which is a big part of the foundry market. Intel will have a proven foundry team to quick start their foundry business. This is a 1+1=3 situation.
Intel wants the team, the whole team. Tower will now have access to FinFET nodes which is a big part of the foundry market. Intel will have a proven foundry team to quick start their foundry business. This is a 1+1=3 situation.
Both, but more so Samsung for the NOT TSMC business. Even if Intel 18A is the clear leader Intel does not have enough capacity to hurt TSMC. EUV machines will be a big bottleneck.
My limited understanding is that Tower is a rather small player in the foundry space. Is it really the management team Intel is buying here or what? Because the revenue/income numbers aren’t going to do anything from absorbing tower alone.
Tower comes with a scrappy foundry mindset and an array of unique value-added processes that greatly complement the Intel leading-edge logic. Tower can show Intel how to make money with mature nodes.
Tower comes with a scrappy foundry mindset and an array of unique value-added processes that greatly complement the Intel leading-edge logic. Tower can show Intel how to make money with mature nodes.