Difficult to see how this is anything other than a failure. I had high hopes when Gelsinger returned, but it seems that BK had done too much damage and Gelsinger didn't really get a grip on things. One of the things I heard that really highlighted the failure of this recovery was that BK had let Intel balloon in all sorts of ways that needed to be pared back and refocused, but head count under Gelsinger didn't just stay static but continued to significantly grow. It's no good giving the same politically poisonous, under-delivering middle management more and more resources to fail at the same job. They really need to clear house in a spectacular way but I'm not sure who could even do that at this point.
Intel announces retirement of Pat Gelsinger
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Re: Intel announces retirement of Pat Gelsinger
#12Joined Feb 2021 and out within 4 years.
He's been with Intel since 1979 (only interrupted by a stint as CEO of EMC/VMware).
Re: Intel announces retirement of Pat Gelsinger
#13This is not good. We already know what happened when CFO took over. It was a time when Intel totaly lost control. They are gona get bought for penies. OMG Instead of saying to AMD they will be in the rearview mirror, they should have been paranoid. Not do stupid GPUs. and destroy others where it mattered
The GPUs are elemental for a shift to APUs - the future as Apple has shown for performance and energy efficiency. Strix Halo will be a game changer, without a GPU Intel has no future on the laptop (and later desktop).
Re: Intel announces retirement of Pat Gelsinger
#14Time to split off Intel's foundry operations?
I remembered Andy Grove's quote: "If we got kicked out and the board brought in a new CEO, what do you think he would do?"
Pat didn't do that, I guess.
Re: Intel announces retirement of Pat Gelsinger
#15This is not good. We already know what happened when CFO took over. It was a time when Intel totaly lost control. They are gona get bought for penies. OMG Instead of saying to AMD they will be in the rearview mirror, they should have been paranoid. Not do stupid GPUs. and destroy others where it mattered
>Not do stupid GPUs
Hard disagree here x100. Investing in GPUs in the time when Nvidia and AMD started to gouge the market is actually the best decision Intel did in recent times. It's the piece of semiconductor with some of the highest margins in the business and they already own a lot of the patents and IP building blocks to make it happen.
The only stupid thing they did was not getting into GPUs earlier so they would already be on the market during the pandemic GPU shortage and AI boom.
Re: Intel announces retirement of Pat Gelsinger
#16This is not good. We already know what happened when CFO took over. It was a time when Intel totaly lost control. They are gona get bought for penies. OMG Instead of saying to AMD they will be in the rearview mirror, they should have been paranoid. Not do stupid GPUs. and destroy others where it mattered
The GPUs seemed smart. Too late, and timid, but smart. What continually blew my mind was Intel's chiplet strategy. While AMD was making scads of a single chiplet and binning the best for Epyc and recovering cost at the low end with Ryzen, Intel designed and fabricated a dizzying number of single-purpose chiplets. In some cases, just the mirror image of another otherwise identical chiplet. The mind boggles. What phenomenal inattention to opportunity.
Re: Intel announces retirement of Pat Gelsinger
#17Time to split off Intel's foundry operations?
Re: Intel announces retirement of Pat Gelsinger
#18> Intel Corporation (NASDAQ: INTC) today announced that CEO Pat Gelsinger retired from the company after a distinguished 40-plus-year career and has stepped down from the board of directors, effective Dec. 1, 2024 Is it a "he retired" or a "we retired him"?
Sounds like the latter to be honest
Re: Intel announces retirement of Pat Gelsinger
#19Time to split off Intel's foundry operations?
They've already been headed that way for a long time, the problem is that they need huge amounts of capital to complete their foundry road map and that is meant to be cross-subsidized by the other part of their business, but now it's looking shakey that they'll even have the capital to execute the plan - setting aside whether it would even work if they could.
Re: Intel announces retirement of Pat Gelsinger
#20Stock jumps 5%+ initially.
Vultures