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On July 25, Intel Corp (NASDAQ: INTC) has appointed Dr. Naga Chandrasekaran of Micron Technology, Inc. (NASDAQ: MU) as Chief Global Operations Officer, Executive Vice President, and General Manager of Intel Foundry Manufacturing and Supply Chain organization, effective August 12.

Naga Chandrasekaran（左）和 Keyvan Esfarjani

Chandrasekaran, an alumnus of Oklahoma State University, University of California, Berkeley, and University of California, Los Angeles, previously served as Micron’s Senior Vice President for Technology Development. He succeeds Keyvan Esfarjani, who is retiring after nearly 30 years at Intel.

In his new role, Chandrasekaran will oversee Intel Foundry’s global manufacturing operations, including Fab Sort Manufacturing, Assembly Test Manufacturing, strategic planning, corporate quality assurance, and supply chain.

Intel Foundry provides essential components for fabless customers to design and manufacture chips in the AI-driven computing era.

This leadership change is pivotal for Intel as it targets $1 billion in software revenue by 2027, up from over $100 million in 2021, with its upcoming Gaudi 3 chip playing a key role.

Intel is heavily investing in AI, expecting to ship chips for over 100 million AI PCs by 2025, including over 40 million in 2024.

In the second quarter of 2024, DNB Asset Management, managing $88 billion in assets, more than doubled its investment in Intel.

Intel stock has lost 8% over the last 12 months. Investors can gain exposure to the stock through Invesco QQQ Trust, Series 1 (NASDAQ: QQQ), and SPDR S&P 500 (NYSE: SPY).

Editor：Lulu

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