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Intel Foundry, losing key people in 2025-2026

NY_Sam2

Member
"In an unexpected turn of events, Kevin O'Buckley, the head of Intel Foundry, decided to jump ship for Qualcomm after just two years at the company"
Suk Lee, retired in 2025-Aug, joined Intel Foundry from TSMC in 2022-Jun
Michael Chang, left in 2025-Aug, joined Intel Foundry from TSMC in 2022-Jun
1772144541352.png
 
"In an unexpected turn of events, Kevin O'Buckley, the head of Intel Foundry, decided to jump ship for Qualcomm after just two years at the company"
Suk Lee, retired in 2025-Aug, joined Intel Foundry from TSMC in 2022-Jun
Michael Chang, left in 2025-Aug, joined Intel Foundry from TSMC in 2022-Jun
View attachment 4268

Kevin took a big IP job with Qualcomm which is understandable. I do not know Choon Lee or Myung-Hee. I do know Suk Lee. Suk built the EDA and IP ecosystem at TSMC and did the same for Intel Foundry but the 18A misstep hand cuffed him. He is retired now and loving it.

The Intel Foundry business has pivoted under Lip-Bu. IFS is now using a sniper approach to get big wafer agreements versus a Pat Gelsinger grenade launcher.

Lip-Bu is approaching his one year CEO anniversary and I think the change in Intel has been nothing short of amazing!
 
Kevin took a big IP job with Qualcomm which is understandable. I do not know Choon Lee or Myung-Hee. I do know Suk Lee. Suk built the EDA and IP ecosystem at TSMC and did the same for Intel Foundry but the 18A misstep hand cuffed him. He is retired now and loving it.

The Intel Foundry business has pivoted under Lip-Bu. IFS is now using a sniper approach to get big wafer agreements versus a Pat Gelsinger grenade launcher.

Lip-Bu is approaching his one year CEO anniversary and I think the change in Intel has been nothing short of amazing!
Suk Lee and Micheal chang did not retire ... they were laid off according to my taiwan friends at intel
 
Kevin took a big IP job with Qualcomm which is understandable. I do not know Choon Lee or Myung-Hee. I do know Suk Lee. Suk built the EDA and IP ecosystem at TSMC and did the same for Intel Foundry but the 18A misstep hand cuffed him. He is retired now and loving it.

The Intel Foundry business has pivoted under Lip-Bu. IFS is now using a sniper approach to get big wafer agreements versus a Pat Gelsinger grenade launcher.

Lip-Bu is approaching his one year CEO anniversary and I think the change in Intel has been nothing short of amazing!
LBT has done some amazing things on financing and culture change at Intel. But IFS execution to goals since 2021 is not good.

No customers (except USG in 2030)
No external revenue
Spending and volume on TSMC is not decreasing (Thank goodness... its keeping Intel alive)
IFS is constraining revenue .... despite no significant volume increase (18A/Intel 3 demand below goal , Intel 7 demand above goal)
IFS Losses are higher than ever.

It makes sense that people in charge are replaced.

Lets see if they can get one fab of external customers by 2030
 
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