Intel has made a valuable personnel acquisition Quotes + 3%

Intel Corporation. (INTC) was replenished with an experienced employee, 3.31% to $55.21, at the auction on January 10. Intel’s new CFO is David Zinsner, who previously worked in a similar position at Micron Technology Inc. (MU). Then 20 years of experience in various companies from the semiconductor manufacturing industry, including Wireless Networks, Analog Devices, and Intersil Corp. 

David Zinsner will start working on January 17 and will report directly to the CEO, responsible for the company’s overall financial activities, internal audit, investor relations, etc. An appointment is an important event that has become a driver of quotations not only due to David Zinsner’s high qualifications. The new employee will work, among other things, on implementing a new production strategy called IDM 2.0, in which Intel Corporation plans to invest $ 20 billion. 

Information strives to become one of the world’s largest suppliers of semiconductors with production in the USA and Europe. The base technology will be extreme ultraviolet lithography (EUV) with a 7 nm architecture, as the most flexible at present. In the second quarter of 2022, a new Meteor Lake processor will — a basic architecture that will allow you to design chips for different customers, quickly assembling the required configurations. 

But, most importantly, the IDM 2.0 strategy involves the creation of stable production and logistics links that will allow Intel to ensure fast execution of orders and reduce dependence on enterprises in regions with higher risks. 

But Intel believes that production automation, geographical proximity to the sales market, availability of green energy, and other advantages will compensate for the increased labor costs. In any case, now one of the most experienced financial directors in the industry will deal with economic issues.