Key foundry chief exits, reshaping Intel’s manufacturing ambitions

Intel’s head of Foundry Services has departed for a senior supply-chain role at Qualcomm, triggering a swift leadership reshuffle with Naga Chandrasekaran stepping in to run the unit. The unexpected exit of this key figure has rattled investors, contributing to a sharp drop in Intel’s stock price. The shake-up raises fresh questions about Intel’s ability to execute its foundry turnaround and compete with TSMC and Samsung in contract chip manufacturing.