Pat wants us to stay as one company. He even negotiated with the Biden administration to state that any spin off company would have to pay back the CHIPS Act money. So Fabco can’t spin off. But no spin off inherits the AMD64 license so prodco can’t spin off either.
Pat’s parting gift to you and me
again and again, the board needs to be clean up
Splitting the company is an administrative thing. It won't change a thing operatively if the culture does not change.
The separation of Products and Foundry enabled them to eventually be broken out.
The original idea appears to be for Intel to hold then as subsidiaries but it became totally clear that few external customers were willing to engage with Foundry that was not fully independent from Product groups.
So to say Pat was fixed in keeping everything together is simplistic and misleading.
The strategy was set up to evolve and it is still working towards what it enabled to happen.
Pat's exit was likely more due to how he was communicating with customers and TSMC. He got too wrapped up in Chips act politics, and repeatedly made statements to customers that could not be backed up by company capabilities. Any CEO would be relieved for mishandling so many situations.
He damaged the long standing relationship Intel had with TSMC. Intel was one of their first customers and the Bob Swan deal to get access to their leading node is one of the few things that are currently working. x86 would be on a steeper slope to obscurity if not for getting lead products made by TSMC.
Like a lot of tech companies, Intel became focused on protecting the competitive moat based on Finance strategies (e.g. paying Dell not to use AMD) instead of making even greater products.
Are you Pat OP? How do you really know the reason?
Look if Pat told the board he would not support looking at any outside offer that involved breaking up the company, then what choice would the bod have but to let him go... For the simple reason that the bod has a duty to the shareholders to consider ALL offers.
@OP Biden administration ends in exactly 9 days
How the he-l do you know this? Seriously. Let's all believe the BS hat OP thinks...pfftt...
Pat was fired with cause for destroying over 100 billion dollars in value.
Pat spent too much money that Intel doesn’t have on products that no one wants.
This isn’t complicated. It’s OVER.
If this is true, Pat should have driven hard on delivering 5N4Y as promised. He instead trying to take advantage of the geopolitics and forcing TSMC to build fab in AZ. His plan was to use TSMC as a incubator and steal know-how by hiring the engineers from TSMC in AZ. This plan failed miserably and his dirty politics without honest effort bring Intel down to its knees. I am so glad that the board finally did the right thing of kicking him out. Shame on Pat.
He is a hero and saint!
Thank you. The truth is out there;-).