Intel exec quits to run Analog Devices' Oregon factory
13 days ago
- #Analog Devices
- #Intel
- #Oregon
- Narahari Ramanuja, a 25-year Intel veteran, is leaving to run Analog Devices’ newly expanded Oregon factory.
- Intel has been cutting costs and jobs, eliminating about 30,000 jobs in 2024, including at least 5,400 in Oregon.
- President Donald Trump used federal funds to buy $9 billion in Intel stock to support the company.
- Analog Devices operates in a different market segment, using established technology for industrial, communication, and consumer devices.
- Analog Devices recently completed a $1 billion upgrade to its largest facility near Beaverton.
- Intel is struggling to recover technologically after losing key engineers and scientists, including several high-profile retirements in 2024.