Intel hires former SK hynix chief Seok-Hee Lee to lead Intel Foundry advanced packaging — company establishing section as 'focused business with dedicated leadership'
Intel has appointed Seok-Hee Lee, former CEO of SK hynix, to lead its advanced packaging division within Intel Foundry. This move signifies Intel's strategic decision to establish advanced packaging as a distinct business unit, focusing on integrating components like High Bandwidth Memory (HBM) with logic dies for AI accelerators. The company aims to compete with established players like TSMC by enhancing its EMIB packaging technology, despite recent financial losses in its foundry operations. AI
IMPACT This strategic move by Intel aims to bolster its position in advanced packaging, a crucial component for AI accelerators, potentially impacting the supply chain for AI hardware.