Intel Hires Former Marvell Executive as It Pursues ASIC Foundry Business

Intel has hired Dean Jarnac, a former Marvell executive, as it looks to expand its foundry business into application-specific integrated circuits (ASICs) and other specialized chips.

Technology analyst Jack Gold said Jarnac’s appointment is likely tied to that effort. The source does not confirm his specific responsibilities.

The move comes as Intel seeks new markets for its advanced manufacturing process nodes and works to reduce bureaucracy and internal inertia. The company is led by CEO Lip-Bu Tan, who has brought in several outside executives, breaking with years of internal precedent, according to the source.

ASICs are chips designed for specific tasks. Intel’s reported interest in serving this market would give its foundry business another potential customer category, but the source does not report a deal, customer, or launch timeline.