No company can survive 5 bad CEOs and especially in the fast moving tech field.
LBT is no messiah for Intel. He has no direct manufacturing, fab, tech experience nor has the stint at Cadence given him true insight into what a fabless does. He didn’t climb thru the trenches of Cadence thru any functional area. Those who know what it takes or make a good technology leader.
He is a capital that has been invisible inside and this shows up!!! Like a captain that doesn’t walk the ship and then screams abandon ship.
LBT talks about listening, has he had any listening sessions with his new flock?
If the vision is a Gerstner like pivot of IBM then the pivot won’t be the current course
It is true a 20K on top of 15K from last year would put Intel within 10K of TSMC plus AMD but they were culturally and structurally built totally different. Another such sudden cut will leave an incapable and decimated morale of a company.
It’s going to be a titanic last moment here.