``` Before the appointment, former SK Hynix CEO was chosen to lead the packaging business; Intel's stock price surged 10% to a record high. ```
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Intel is accelerating the restructuring of its foundry division to target the AI chip manufacturing market.
According to Reuters, the company on Thursday appointed former SK Hynix CEO Seok-Hee Lee as Executive Vice President of the foundry division, reporting directly to CEO Pat Gelsinger, and responsible for advanced packaging, system