INTC is trading at $139.00 (+3.74%) in pre-market action after Intel appointed former SK hynix CEO Lee Seok-hee as executive vice president of its foundry division.
- The leadership change signals a strategic push to strengthen Intel’s capabilities in advanced AI chip packaging and system integration.
- Lee Seok-hee will oversee back-end manufacturing, providing a significant company-specific catalyst for the foundry business.