Intel has appointed a new CEO for its contract manufacturing IFS chips

Intel has appointed a new CEO for its contract manufacturing IFS chips ...

Stuart Pann has been named head of Intel's Intel Foundry Service (IFS), which is specialized in contract chip manufacturing for Intel and third-party customers.

Pann has never worked in the microchip contract manufacturing industry before, but has extensive managerial experience in areas such as sourcing, planning, and strategic resource allocation. Intel believes that these abilities are most in demand for the head of IFS, and will make Intel one of the largest contract chip manufacturers by 2030.

Stuart Pann has been chosen as one of Intel's key executives who spent a lot of time developing and growing the IFS department in 2021-2022. Last November, Thakur resigned and decided to "look for other opportunities" in the job market. Tower Semiconductor, a contract semiconductor company purchased by Intel for the first time last year, is expected to take his place.

Pann served as Intel's Business Transformation Lead and Head of the Corporate Planning Group from 1981 to 2021. Most recently, he spearheaded Intel's IDM 2.0 development as led by Intel CEO Patrick Gelsinger.

Pann, with extensive experience in capital and capacity planning, supply chain management, and internal and external sales and operations planning, should be the ideal leader for Gelsinger's position.

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