--- title: "Intel Shares Surge 10% to Record High as Former SK Hynix CEO Appointed to Lead Packaging Business" type: "News" locale: "en" url: "https://longbridge.com/en/news/290291127.md" description: "Intel is accelerating the restructuring of its foundry business to strengthen its position in the AI chip market. The company has appointed Seok-Hee Lee, former CEO of SK Hynix, to lead advanced packaging, reporting directly to CEO Lip-Bu Tan. On the same day, Apple confirmed a partnership with Intel to design and manufacture chips domestically in the United States. These dual positive developments drove the stock price up 10% to an all-time high. Advanced packaging has been established as an independent operating unit, with EMIB-T and HBI technologies moving toward mass production" datetime: "2026-06-19T12:27:31.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/290291127.md) - [en](https://longbridge.com/en/news/290291127.md) - [zh-HK](https://longbridge.com/zh-HK/news/290291127.md) --- # Intel Shares Surge 10% to Record High as Former SK Hynix CEO Appointed to Lead Packaging Business Intel is accelerating the restructuring of its foundry division to strengthen its position in the AI chip manufacturing market. According to Reuters, the company appointed Seok-Hee Lee, former CEO of SK Hynix, as Executive Vice President of the foundry division on Thursday. He will report directly to CEO Lip-Bu Tan and oversee advanced packaging, system integration, and backend manufacturing operations. On the same day, Trump announced that Apple had agreed to partner with Intel to co-design and manufacture chips in the United States. Buoyed by these dual positive developments, Intel's stock surged 10%, hitting a record high. **This appointment establishes advanced packaging as an independent operating unit, granting it dedicated leadership and strategic focus, marking a key step in Intel's push for its IDM 2.0 strategy and the revitalization of its manufacturing business.** Analysts believe that advanced packaging is a technological pillar for Intel's differentiated competition, while Apple's entry provides a long-term demand foundation for the foundry business. ## Personnel Appointment: Industry Veteran Brought In to Lead Packaging Strategy Seok-Hee Lee's arrival brings critical talent support to Intel's foundry business. He previously served as President and CEO of SK Hynix and President and CEO of SK On, possessing extensive experience in managing large-scale technology and manufacturing organizations. **Lee previously held engineering leadership roles at Intel, and he described his return as "coming home."** CEO Lip-Bu Tan stated that advanced packaging and system integration are becoming core capabilities for next-generation computing systems. Lee's expertise in operational execution and technical organization management will help Intel strengthen its system integration capabilities, tightly coupling components such as logic, memory, and networking to build high-performance computing systems for foundry customers. Along with this adjustment, Naga Chandrasekaran, Executive Vice President of the foundry division, will continue to report to Lip-Bu Tan, focusing on front-end technology development and manufacturing, with an emphasis on ramping up mass production for Intel 18A, Intel 14A, and future processes. This clear division of labor between front-end and back-end operations helps convey greater execution certainty to customers. Additionally, Executive Vice President Navid Shahriari announced his retirement after a 37-year career. ## Advanced Packaging: A Key Battlefield in the AI Era Intel's decision to establish advanced packaging as a separate, focused business unit reflects structural trends in the semiconductor industry. **As chip manufacturers enhance performance through multi-chip integrated packaging, the strategic importance of advanced packaging continues to rise, particularly in AI systems and high-performance computing fields.** In its statement, Intel specifically highlighted two advanced packaging technologies, EMIB-T and HBI, stating that it is pushing them into high-volume mass production. CEO Lip-Bu Tan described Lee as "the right leader to build and scale this critical segment of Intel's foundry business." This appointment is the latest move in Intel's intensive layout for its foundry business. According to Reuters, in April of this year, Intel brought in Shawn Han from Samsung to assist in advancing its contract manufacturing business; in the same month, Tesla became the first major customer for its next-generation 14A manufacturing process, which is expected to enter mass production in 2029. ### Related Stocks - [INTC.US](https://longbridge.com/en/quote/INTC.US.md) - [04335.HK](https://longbridge.com/en/quote/04335.HK.md) - [AAPL.US](https://longbridge.com/en/quote/AAPL.US.md) - [INTW.US](https://longbridge.com/en/quote/INTW.US.md) - [AAPB.US](https://longbridge.com/en/quote/AAPB.US.md) - [AAPD.US](https://longbridge.com/en/quote/AAPD.US.md) - [AAPU.US](https://longbridge.com/en/quote/AAPU.US.md) - [AAPX.US](https://longbridge.com/en/quote/AAPX.US.md) - [LINT.US](https://longbridge.com/en/quote/LINT.US.md) - [INYY.US](https://longbridge.com/en/quote/INYY.US.md) - [AAPW.US](https://longbridge.com/en/quote/AAPW.US.md) - [APLY.US](https://longbridge.com/en/quote/APLY.US.md) - [AAPY.US](https://longbridge.com/en/quote/AAPY.US.md) - [MAGX.US](https://longbridge.com/en/quote/MAGX.US.md) - [TSLA.US](https://longbridge.com/en/quote/TSLA.US.md) - [SSNGY.US](https://longbridge.com/en/quote/SSNGY.US.md) - [SMSN.UK](https://longbridge.com/en/quote/SMSN.UK.md) ## Related News & Research - [INTC Stock Alert: Intel to Begin Production of Its Most Advanced Chip](https://longbridge.com/en/news/290099878.md) - [Intel's new manufacturing tech enters initial production](https://longbridge.com/en/news/289965715.md) - [Intel takes a major step toward turning around a business that's bleeding cash](https://longbridge.com/en/news/289972269.md) - [Minot DeBlois Advisors LLC Sells 11,608 Shares of Intel Corporation $INTC](https://longbridge.com/en/news/289757038.md) - [Intel earns highest quant rating among US government's firm interests](https://longbridge.com/en/news/290230827.md)