Intel Foundry Leader to Depart, Shaking Up Gelsinger’s Turnaround Plan

Intel Corp. executive Randhir Thakur, who oversaw a key part of the company’s comeback plan -- its push into the contract-manufacturing industry -- is leaving the chipmaker.

Thakur “has decided to step down from his position to pursue opportunities outside the company,” Intel said in an emailed statement. “He will stay on through the first quarter of 2023 to ensure a smooth transition to a new leader.”