Intel forges ahead with foundry plans despite delay in regulatory approval for Tower Semiconductor purchase.
Stuart Pann, senior vice president and general manager of Intel Foundry Services. (Image: Intel)
By Bolaji Ojo
What’s at stake:
The executive Intel has appointed to head its foundry division has no experience managing a contract chipmaker. Was Intel tired of waiting for regulators to approve its quest for Tower Semiconductor, the contract chipmaker it was expected to tap for a seasoned general manager?
Tower Semiconductor Ltd. boss Russell Ellwanger will not be heading Intel Corp.’s foundry services business.