What does he bring over Pat or Michelle?
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Intel appoints Lip-Bu Tan as its CEO
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Re: Intel appoints Lip-Bu Tan as its CEO
#12I am not sure if Intel can survive on its own. Games changed quite a bit and Nvidia is about to enter the space and will likely gain significant shares if they bundle their products in anticompetitive ways. It will be cutthroat for both Intel and AMD. But if he pulls it off, he will go down in history as the guy who saved Intel.
Re: Intel appoints Lip-Bu Tan as its CEO
#13Lip-Bu Tan was previously on the board but left after disagreements: > Over time, Tan grew frustrated by the company’s large workforce, its approach to contract manufacturing and Intel’s risk-averse and bureaucratic culture, according to the sources, who were not authorized to speak publicly. https://www.reuters.com/technology/intel-board-member-quit-a...
Tan's complaints seem to be the same ones I read here over and over from ex-employees, so hopefully he can actually turn it around.
The current CEO was supposed to be a down to earth, technical, no bureaucracy guy as well.
Re: Intel appoints Lip-Bu Tan as its CEO
#14What does he bring over Pat or Michelle?
That's what I'm trying to understand. His educational background was in Physics/Nuclear Engineering so he's obviously a smart guy, and he was CEO/Chairman of Cadence for 15 years, but other than that his 40+ year career has most been in VC and being on the boards of an incredibly large number of companies. https://en.wikipedia.org/wiki/Lip-Bu_Tan https://www.linkedin.com/in/lip-bu-tan-284a7846/details/expe...
They may have just agreed to get Intel to this point and hand it off.
Re: Intel appoints Lip-Bu Tan as its CEO
#15Earlier quoted context omitted.
Tan's complaints seem to be the same ones I read here over and over from ex-employees, so hopefully he can actually turn it around.
The current CEO was supposed to be a down to earth, technical, no bureaucracy guy as well.
so he's getting knifed after 6 months and Intel will be in even worse shape?
Re: Intel appoints Lip-Bu Tan as its CEO
#16Re: Intel appoints Lip-Bu Tan as its CEO
#17Earlier quoted context omitted.
Tan's complaints seem to be the same ones I read here over and over from ex-employees, so hopefully he can actually turn it around.
The current CEO was supposed to be a down to earth, technical, no bureaucracy guy as well.
There is no current permanent CEO. Pat Gelsinger got fired last December. I liked him but it sounds like the board got impatient.
Intel trying to regain a foothold in fabs is costly and time consuming. Hopefully, they are finally able to turn it around.
Re: Intel appoints Lip-Bu Tan as its CEO
#18He's supposedly quite low level, savvy about Platform Development Kits (PDK). Worked at Cadence, so he knows a lot about relating to other people making chips, selling IP, working with EDA tools. A lot of potential here! The disagreement with the board was supposedly related more to elements of the board trying to parts up and sell off bits of Intel. Harder to report that directly. Good for him, food sign if true. To…
>>The disagreement with the board was supposedly related more to elements of the board trying to parts up and sell off bits of Intel.
If true this would be very interesting. The most recent rumors were TSMC was trying to grab a part of Intel and have Nvidia/Broadcom/AMD take over the rest. Bringing in a CEO that literally left the board because he was against carving up Intel would be quite the signal from the board.
Re: Intel appoints Lip-Bu Tan as its CEO
#19If he wants to succeed, he will need to reconsistute the board. That's a tough one since they appointed him, but otherwise it won't work. The type of transformation Intel needs to go through won't withstand a myopic, short term oriented bureaucracy.
Re: Intel appoints Lip-Bu Tan as its CEO
#20There will be a all-hands in the next few weeks, supposedly. I hope whoever sees this reply, if you are in a position to do so comfortably, ask him straightforwardly whether he has or has heard about a plan to knife and sell INTC in the next 18 months.