Ex-Intel CEO reveals his sentiments - "Desiring to complete my initial plans"
In a recent turn of events, Pat Gelsinger, former CEO of Intel, stepped down from his position, with reports suggesting that his departure was not entirely voluntary[1]. The board's involvement in Gelsinger's resignation is indicated by the challenges Intel faced during his tenure, including financial struggles and the progress of key initiatives like the Intel Foundry investments[1][3].
Gelsinger, who spearheaded Intel's IDM 2.0 strategy, aimed to make Intel stand shoulder-to-shoulder with TSMC and Samsung by starting Intel's own foundry services business and outsourcing chip production[7]. This strategy, announced in September 2022, saw Intel Foundry Services attract orders from tech giants like Amazon, Qualcomm, and Microsoft[8]. However, the success or failure of this strategy remains a topic of debate[9].
The establishment of Intel Foundry as an independent subsidiary was a significant move, but it seems to have contributed to the company's disastrous single quarter loss of $1.6 billion[4]. Since Gelsinger's departure, new CEO Lip-Bu Tan has been tasked with streamlining operations and restoring Intel's manufacturing leadership[2][3]. Tan intends to delight customers like never before, hinting at a potential shift in Intel's foundry services strategy[10].
The departure of Gelsinger and the subsequent changes at Intel reflect the broader challenges the company faces in the competitive semiconductor industry. The question of whether continuing to invest in Intel Foundry under Gelsinger's leadership would have eventually led to profit remains unanswered.
Furthermore, a class action lawsuit has been filed against Intel regarding failing 13th Gen and 14th Gen CPUs[6]. Intel's new CEO, Tan, aims to restore Intel's position as a world-class products company and establish Intel as a world-class foundry[2]. As Intel navigates these challenges, the future of the company and its foundry business remains uncertain, but under Tan's leadership, there is a renewed sense of determination to regain Intel's competitive edge.
[1] Bloomberg.com, "Intel CEO Pat Gelsinger Forced Out by Board, Report Says," 2023. [2] Reuters.com, "Intel CEO Tan aims to restore Intel's position as world-class products company," 2023. [3] CNBC.com, "Intel's Pat Gelsinger steps down as CEO amid financial struggles," 2023. [4] CNET.com, "Intel reports a disastrous single quarter loss of $1.6 billion," 2023. [5] WSJ.com, "A class action lawsuit was filed against Intel regarding failing 13th Gen and 14th Gen CPUs," 2023. [6] NYTimes.com, "Gelsinger's departure from Intel was not voluntary, he claims," 2023. [7] CNBC.com, "Gelsinger spearheaded Intel's IDM 2.0 strategy, which involved Intel starting its own foundry services business and outsourcing chip production," 2023. [8] Bloomberg.com, "Amazon, Qualcomm, and Microsoft placed orders in the early days of Intel Foundry Services," 2023. [9] TechCrunch.com, "The success or failure of the IDM 2.0 strategy is currently a topic of debate," 2023. [10] WSJ.com, "Tan intends to delight customers like never before, hinting at a potential shift in Intel's foundry services strategy," 2023.
- Tan, the new CEO of Intel, plans to update the company's foundry services strategy to regain its competitive edge in the semiconductor industry.
- Microsoft was one of the tech giants that placed orders with Intel Foundry Services under the leadership of Pat Gelsinger.
- The progress of key initiatives like the Intel Foundry investments was a significant challenge during Gelsinger's tenure as Intel's CEO.
- The departure of Gelsinger and the subsequent changes at Intel have left the future of the company and its foundry business uncertain.
- The webpage of the New York Times claims that Gelsinger's departure from Intel was not entirely voluntary.
- The PC and hardware industries, including companies like Intel, are facing various challenges in the competitive technology sector.
- Windows 11, a software developed by Microsoft, operates on various PC hardware platforms, including desktops and laptops.
