Press release
Intel Appoints Stuart Pann to Lead Intel Foundry Services
Pann to accelerate development of Intel’s open systems foundry offering. SANTA CLARA, Calif.--(BUSINESS WIRE)-- Intel Corporation today announced the
About this update from Intel Corporation
[{"type":"text","content":"\nPann to accelerate development of Intel’s open systems foundry offering.\n\n SANTA CLARA, Calif.--(BUSINESS WIRE)--\nIntel Corporation today announced the appointment of Stuart Pann as senior vice president and general manager of Intel Foundry Services (IFS), Intel’s commercial foundry business. Pann will report to Intel CEO Pat Gelsinger and drive continued growth for IFS and its differentiated systems foundry offering, which goes beyond traditional wafer fabrication to include packaging, chiplet standards and software, as well as U.S.- and Europe-based capacity.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230321005442/en/Stuart Pann is senior vice president and general manager of Intel Foundry Services (IFS), Intel’s commercial foundry business. (Credit: Intel Corporation)\n“The industry is responding well to our systems foundry approach and we’re seeing strong momentum, including the recent announcement of a significant cloud, edge and data center solutions provider as a customer for our upcoming Intel 3 process,” said Gelsinger. “With deep expertise in capital and capacity strategies, supply chain management, and sales and operations planning across internal and external manufacturing, Stuart is an ideal leader to accelerate this momentum and drive long-term growth for IFS.”\n\nPann previously served as senior vice president, chief business transformation officer and general manager of Intel’s Corporate Planning Group. As part of this role, he established the company’s IDM 2.0 Acceleration Office to guide the implementation of an internal foundry model, fundamentally shifting the way the company operates to be more consistent with other top foundries. In addition to placing Intel business units on similar economic footing as external IFS customers, the internal foundry model will highlight and drive the elimination of legacy costs and provide more transparency on the company’s financial execution. As general manager of IFS, Pann will remain closely engaged with that work while representing the interests of IFS and its customers in tight partnership with Intel’s Technology Development and Manufacturing, Supply Chain and Operations organizations.\n\n“Intel Foundry Services is a critical pillar of our IDM 2.0 strategy, and it’s been exciting to watch it grow fr...