Intel CEO Pat Gelsinger Retires

[phoronix]

Phoronix: Intel CEO Pat Gelsinger Retires

While Intel has been under much financial difficulties and as they pursue their build out of new fabs to better compete with TSMC, to much surprise Intel CEO Pat Gelsinger has retired effective today...

https://www.phoronix.com/news/Intel-CEO-Pat-Gelsinger-Retires

[geerge]

womp womp. I would've thought he could've held out until 18A released and it either made or broke intel. This is not the best sign is it.

[schmidtbag]

The only thing I find surprising is that this didn't happen sooner, when Intel's revenue has been released. For all publicly traded billion dollar corporations, the only real purpose of the CEO is to maximize profits for the sake of shareholders.

[Lbibass]

Aw man. I had faith that he could help steer Intel out of the nosedive they were in at the time. But now with the board kicking him out... well that's a shame.

[bug77]

Aw man. I had faith that he could help steer Intel out of the nosedive they were in at the time. But now with the board kicking him out... well that's a shame.

He's 63. He may actually retire.

[avis]

Let's make no mistake, he was ousted.

Pat had almost five years to turn Intel around. He failed to achieve that and not only that ARL turned out to be a colossal failure.

The problem is, I'm not sure anybody knows how to salvage the company. Something in it just isn't working.

People can laugh at me all they want, but when a fruit cult company has a much faster and more efficient uArch (M4 Pro destroys them while consuming much less power) than both Intel and AMD, it should be quite alarming, but for some reason no one cares.

[roviq]

Let's make no mistake, he was ousted.
People can laugh at me all they want, but when a fruit cult company has a much faster and more efficient uArch (M4 Pro destroys them while consuming much less power) than both Intel and AMD, it should be quite alarming, but for some reason no one cares.

I will not laugh at you, I find it very strange that Qualcomm can't do the same thing with ARM for years now, and neither does AMD nor Intel. But also the fruit cult company does handle everything end-to-end so they may micro-optimize at all levels, hardware, firmware, compiler, libraries, apps.

I always look in which company Jim Keller (the silicon Midas) is working now, he had a brief time at Intel about 5 years ago, and quickly ran away, that's some very bad news. Currently he is working with RISC-V architectures at Tenstorrent, so maybe we will see some interesting stuff there. For x86 I hope X86S will help somehow.

[botipua22]

i'm sure nvidia would love to absorb intel, but their attempt will certainly be blocked like it was during their pursuit of arm. intel is an american darling.

[Linuxhippy]

The only thing I find surprising is that this didn't happen sooner, when Intel's revenue has been released. For all publicly traded billion dollar corporations, the only real purpose of the CEO is to maximize profits for the sake of shareholders.

This is exactly what Brian Krzanich did - reduce investments as much as possible to improve margin.
This in turn however let intel fall slowly but steadily behind others in the fab business.

Once you loose semiconductor leadership, regaining it requires a lot more money and work than simply holding it.
Who is best can charge almost anything for a wafer (just look at TSMCs margins), but once you are just middle-class, you fight against nodes which the technology leader has already written off during the 1-2 years he was the sole supplier for this advanced node.

I guess this long period of suffering is what shareholders were not prepared for. I am not sure what shareholders would have expected from Gelsinger ..

[pWe00Iri3e7Z9lHOX2Qx]

i'm sure nvidia would love to absorb intel, but their attempt will certainly be blocked like it was during their pursuit of arm. intel is an american darling.

NVIDIA is also an American company. And whether or not anyone really wants to acquire Intel is highly dependent on some tangible proof that their upcoming nodes will actually be competitive with TSMC. Intel is probably too big to fail so they'll get bailed out somehow, but that "how" will be interesting.