Intel has appointed Indian-origin and semiconductor industry veteran Randhir Thakur to head its newly formed Intel Foundry Services business. This has come at a time when Intel has announced its ambitious plans to lead in providing US and Europe-based foundry capacity ‘to serve the incredible global demand for semiconductor manufacturing. Intel recently announced an investment of $ 20 bn to regain pole position in the chip industry. Thakur will report to CEO Pat Gelsinger.

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