Tuesday, November 29, 2022
HomeElectronicsChange of guards at Intel Foundry Providers (IFS)

Change of guards at Intel Foundry Providers (IFS)

Randhir Thakur, senior VP and president of Intel Foundry Providers (IFS), is leaving after a rollercoaster experience to show Intel right into a world-class methods foundry. Whereas on the helm of Intel’s IDM 2.0 drive, he not too long ago expressed hope that IFS will eclipse Samsung’s foundry enterprise by 2030.

Thakur, a semiconductor business veteran with stints at Marvell, SanDisk and Utilized Supplies, joined Intel in 2017 and has been main the corporate’s foundry enterprise since early 2021, when it was renamed Intel Foundry Providers. Intel’s spokesperson William Moss has acknowledged his function in laying the inspiration of the corporate’s fab enterprise.

Determine 1 Thakur has proactively labored to bolster the foundry ecosystem constructed round IFS choices. Supply: Intel

Over the past 12 months or so, to Thakur’s credit score, IFS has consistently been within the information for inking offers with EDA homes, taking design toolsets to the cloud, constructing strategic partnerships with semiconductor IP suppliers and extra. Just lately, IFS claimed to have elevated engagement with seven out of 10 high fabless firms. Although solely MediaTek has publicly acknowledged its liaison with IFS.

IFS has additionally introduced a contract win with the U.S. Division of Protection for the Fast Assured Microelectronics Prototypes – Business (RAMP-C) program. So, looking back, IFS appears to have made all the best strikes since its inception.

On the identical time, it’s additionally a undeniable fact that IFS is making little cash. Within the third quarter of 2022, IFS generated $171 million, which amounted to roughly 1.1% of the corporate’s $15.3 billion in income. Nonetheless, analysts and business watchers are relating this growth to Intel’s $5.4 billion acquisition of Israeli fab Tower Semiconductor, which is about to finish in February 2023. In line with Intel CEO Pat Pat Gelsinger, Thakur will keep at IFS till the primary quarter of 2023 to make sure a easy transition.

Patrick Moorhead, chief analyst at Moor Insights & Technique, says that Thakur’s departure doesn’t appear efficiency associated. In a tweet, Moore sees this transformation of guards linked to the approaching Tower acquisition. Tower makes a speciality of fabrication of analog semiconductor elements for automotive, medical, industrial, shopper, aerospace, and protection.

Determine 2 Trade observers are principally relating Thakur’s departure to Tower Semiconductor acquisition. Supply: Intel

Semiconductors contract manufacturing is a tricky nut to crack, so after a couple of 12 months of proactive gamesmanship, Intel appears to be leaning on Tower’s foundry enterprise experience and studying curve as a substitute of ranging from a clear slate. Particularly when Tower is understood to have carefully aligned its know-how roadmaps with buyer merchandise.

Gelsinger says that the details about the brand new IFS chief will likely be shared quickly. That additionally hints towards the likelihood that Tower’s administration will take the reins of Intel’s foundry enterprise.

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