Intel Hires Former SK Hynix CEO Lee Suk-hee to Boost Foundry Business

Intel is bolstering its foundry business by recruiting Lee Suk-hee, the former chief executive of SK Hynix. The U.S. semiconductor giant, which enjoys significant support from the U.S. government, announced Lee's appointment as senior vice president for the foundry division on November 18.

In his new role, Lee, 61, will be responsible for advanced semiconductor packaging, system integration, and the overall development and manufacturing of these technologies. Intel CEO Pat Gelsinger described Lee as a leader with both expertise and execution capabilities, honed through years of managing advanced technology and large-scale manufacturing organizations.

Lee Suk-hee brings a wealth of experience to Intel. He is a graduate of Seoul National University with a Ph.D. in engineering from Stanford University. He previously worked as an engineer at Intel from 2000 to 2010 before moving on to lead SK Hynix and later SK On. He concluded his tenure at SK On late last month.

Intel's strategic push in the foundry sector is backed by substantial U.S. government funding, including approximately $8.9 billion allocated by the Trump administration as part of its initiative to restore domestic semiconductor production sovereignty. This recruitment and government support signal Intel's commitment to enhancing its competitiveness in the foundry market.

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a leader with expertise and execution capabilities, who has led advanced technology and large-scale manufacturing organizations.