Gelsinger was pushed out as CTO after horribly failing to address AMD's competitive threats. I have no idea how he wormed his way back in, but this does not bode well for Intel's future: Gelsinger is proof of the "Peter Principle", being promoted too high.
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Wonder what his intentions with ME, do we sell the business and focus on the core business!
Obviously entering a downturn and loss of market share competitiveness. It's the ideal time to rebuild with a new team under Pat's leadership
Good hire for Intel. The lack of technical acumen at the higher levels at Intel is astounding including most of the garbage brought in from elsewhere. Pat will change that quickly as those VPs will be quickly exposed. Pat will get back to building great technology and put product leadership first. Unfortunately he is joining at a time when Intel is not in a leadership position on x86, the architecture is on its last legs (industry going ARM and RISC-V), the fab is a liability, and years of politics have created a toxic internal culture that must be blown up. That being said it’s time to put an engineer back in charge.
This quote is floating from Buffett
“ When a manager with a reputation for brilliance tackles a business with a reputation for bad economics, the reputation of the business remains intact.”
What did he start?
The best decision the board has made for a long time.
Excited to kick some butt.
In an industry that runs on “tribal knowledge” and “copy exact” and experience of how to run a very, very complex multi billion dollar fab, much of the most experienced, best talent walked out the doors at Intel’s behest, with years of knowledge in their collective heads.
The bottom line is: Intel created the hole by itself and jump into that deep end...
The trillion dollar question is:
Is the board leaning into the usual MBA moves 101 and turn Intel into a "services company" gradually going fabless and milking those sweet patents OR will they put the work boots on and start building an actual tech company with the people who actually can save them on the payroll? cutting on the usual contractors meat grinder and invite the vast armies of middle-management and marketing drones to leave?
Silicon wafer or communion wafer? Jesus was carbon based ... As far as we know...
He also caught flak internally for having the Pope Benedict bless a wafer for Intel's future success. It was very weird, especially given Intel's focus on neutrality.
I worked at VMware when Pat first became the CEO.
Pat is very much an engineer.
If you ever wanted an engineer as your CEO, then that's Pat.
That comes with some goods and some not-so-greats.
Pat isn't very inspiring, at least not when he first became CEO.
But I always got the feeling that he genuinely love engineers and is more comfortable around them than anything else.
I once hosted a fun little engineering challenge (building bridges out of spaghetti).
It wasn't a fancy event – just a bunch of engineers having fun.
Pat actually agreed to come by to hand out the awards at the end.
I left VMware partly because I've been there so long and partly because I wasn't excited about it anymore.
I felt its best days were behind it.
Well, Pat proved me wrong by a wide margin.
If no-nonsense engineering is what you need to win, then Pat is the right person for the job.
It's a good day for Intel I think.
Pat left because he wasn't picked as the CEO and it went to BK. Your "Peter Principle" example applies to BK, not PG. As a current Intel employee, I'm really happy to have him back and leading us!
The Op sounded like Andy Bryand
Booo @op
He has been a highly successful CEO fgs !! There no person who is more suitable. If JK is also enticed to come back, there will be no looking back for Intel then.
Pat knows Intel is finished... but why not accept a 9 figure payday and retire in style? The best thing he can do now is to fire every single indian VP immediately and finish what JK tried to do.