Also the amount of cancelled/potential orders that never materialised is very worrying - not easy to get those big customers back.
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'Gelsinger has said he is confident Intel can deliver on his pledge to achieve five advances in chip technology within four years, and that it will be making the most advanced processors in the world within the next couple of years'. This seems to be the basis of our success - hmmmm so far not going great.
“Befo-e each meeting of the board of directors, Gelsinger takes its members to dinner and asks them to reaffirm their support. “Are we still aligned? Is the strategy still good? Are you all still on board?” he said about the discussions. “It is a challenging journey that we’re on, and we need to be on it together.
Board Chairman Frank Yeary said that the board is closely aligned with Gelsinger and that “real progress is happening,” but that there is plenty of work left to do.“
Good to know BoD are all in, so the boats are burned
““Foundry is a service business,” Gelsinger said in an interview. “That isn’t the culture that Intel’s had.”
Has culture changed ?
“So far, the turnaround has been rough. Gelsinger, 62 years old and a devout Christian, said he takes inspiration from the biblical story of Nehemiah, who rebuilt the walls of Jerusalem under attack from his enemies. Last year, he told a Christian group in Singapore: “You’ll have your bad days, and you need to have a deep passion to rebuild.”
Good to have a fantical guy versus a realist
“As he sees it, Intel’s problems stem largely from how it botched a transition in how chips are made. Intel came to prominence by both designing circuits and making them in its own factories. Now, chip companies tend to specialize either in circuit design or manufacturing, and Intel hasn’t been able to pick up much business making chips de-signed by other people. ”
Hmm, do the same old when the world moves in. Like IBM, Kodak, HP, Nokia, Blackberry
““We didn’t get into this mud hole because everything was going great,” said Gelsinger, who took over as CEO in 2021. “We had some serious issues in terms of leadership, people, methodology, et cetera that we needed to attack.”
Forget about fixing the leadership or methodology issues
Wonder what 'cell phone chips' that Qualcomm wants Intel to make, as Intel already closed or sold off the cell phone chip business to Apple in 2019. Besides, Q has much more expertise than Intel on wireless, why should they turn to Intel ?
Mobile-phone chip giant Qualcomm and carmaker Tesla have explored having Intel produce chips for them, then backed off, according to executives involved in the discussions. Elon Musk’s Tesla passed because Intel couldn’t provide extensive chip-design services that other major foundries offer, one of those people said. Qualcomm dialed back after technical missteps by Intel, according to some of those involved in the interaction. Gelsinger declined to comment on Intel’s relationships with Qualcomm and Tesla.
In early 2022, Intel’s foundry arm sent a delegation to Qualcomm’s San Diego headquarters, where they met with CEO Cristiano Amon. Then Intel missed a June performance milestone toward producing those chips commercially. It missed another in December.
Qualcomm executives concluded Intel would struggle making the kind of cellphone chips they wanted, even if it succeeded in making high-performance processors. Qualcomm told Intel it was pausing work while it waits for Intel to show progress, according to people involved in the discussions.
He said Intel has been more focused on chipmaking technology that works in high-performance processors like those used in PCs. Making chips for mobile phones with limited battery lives requires new skills and new circuit designs. Intel said recently it is collaborating with Arm, a chip-design company that specializes in cellphone circuits.
Tesla in late 2021 began considering Intel for making chips to process data and images that help cars drive autonomously. Tesla has long been a customer of Samsung’s foundry business, and also has begun using TSMC. Tesla designs the chips, but needs foundries to help get them ready for production—something Intel wasn’t able to offer.
Gelsinger declined to discuss talks with Tesla. He said handling such work is a new area for Intel, which isn’t “naive about the challenges.”
Articles in the media are ALL paid infomercials. Companies such as WSJ will not survive by selling neutral ads. The business model as paid propagandists is much more lucrative. They are amoral spinners used by all sides. It doesn't mean that they are ALL wrong, just that you need to know.
I know that haters are going to hate, but that is a well-written, level-headed article by the WSJ
https://archive.is/zWRxh
I can't access it - would be good to know how awful they say we are.