Intel has named India-born semiconductor industry veteran Randhir Thakur to lead its newly formed foundry business.

The company has announced its plans to become a major provider of US and Europe-based foundry capacity ‘to serve the incredible global demand for semiconductor manufacturing’.

Company states, “To deliver this vision, Intel is establishing a new standalone business unit, Intel Foundry Services (IFS), led by semiconductor industry veteran Randhir Thakur, who will report directly to chief executive officer Pat Gelsinger.”

Intel states, “The IFS unit would be differentiated from other foundry offerings with a combination of leading-edge process technology and packaging, committed capacity in the US and Europe, and a world-class IP portfolio for customers, including x86 cores as well as ARM and RISC-V ecosystem IPs.”

The company adds, “It expects to build on its existing relationships with third-party foundries, which today manufacture a range of Intel technology – from communications and connectivity to graphics and chipsets."