To fight TSMC and Samsung, Intel hires execs from foundry rivals

Intel wants to build a contract chip manufacturing business that will rival Asian foundry giants TSMC and Samsung, so the x86 giant has been hiring away executives and senior employees from competing chipmakers with the goal of manufacturing a larger share of the world's chips. The latest additions to Intel's revitalized …

[Lordrobot]

But but but I thought ASIA stole all the US Technology

Intel is stealing Asian talent. The irony only gets more ironic when one examines the Intel idea... So let me say it in a different way. "What fabless chip designer is going to send their chip designs to Intel for fab?" NOBODY... that's who. INTEL is not the back door to the NSA, It's the front door.

Is China going to buy US-made FAB chips? Nobody in Asia will buy them for the simple fear of the US imposing sanctions on US FAB made chips even if they don't own the design. That is way too much risk for any producer of consumer electronics. Is INTEL really this dumb? Yes, that is how they missed the handheld market entirely. AMD is even blowing them away in the X-86 market.

Intel is so hungry for some US Gov Dollars from Joe Biden, it has ceased to make sense, just as the Biden Bucks really don't make sense but will be used mostly for buybacks. Intel is a company with $80 Billion in buybacks with nothing to show for any of it.

Intel's mantra... Buy Murican, Hire Asians, get money from Politicians.... build back better buybacks.

[OhForF']

Execs only?

Is it really that useful to hire executives at or near the C-level to improve things?

I'd have expected them to need the people closer to getting things done like principal designers and people responsible for the processes (both in R&D and with experience in setting up and running things).

Does intel not poach those as well or are the not high profile enough to feature in the press?

[Yet Another Anonymous coward]

Re: Execs only?

If Intel thought actual engineers were useful it would have trained and retained its own, the executives know that only executives are important so hired some more of them

[Roland6]

Re: Execs only?

So did these executives have non-compete/garden leave clauses in their contracts and hence the "leaving date" is actually the date such clauses expired?