Tuesday, December 3, 2024

Intel -- The Verge -- December 3, 2024

Locator: 44495INTEL.

Link here.


What happened?
Link to The Verge, December 3, 2024.

Tag: amazing story Paul Otellini Moore Gelsinger Andy Grove

On Monday, Intel CEO Pat Gelsinger abruptly decided to retire after less than four years on the job. That was the official story, anyhow. Within hours, Reuters, Bloomberg, and The New York Times had a different one: the board of directors pushed him out.

Three and a half years ago, Gelsinger announced an ambitious plan to turn around the troubled chipmaker within four years — now, he’s reportedly been kicked out of the company before he could see it through. It happened so abruptly that Intel doesn’t have a planned successor in mind, and so completely that Gelsinger won’t even stick around as an adviser. He’s gone.

Intel has been in a tailspin for years. It missed the smartphone revolution, has been plagued by quality control issues with its chips, lost customers like Apple to alternative processors, and now is at risk of missing out on AI, too.

The summer Intel fell behind, link here

And going down that rabbit hole eventually takes one to a most interesting story at The Guardian, link here, from 2013!!!

Which then takes one to the interview at The Atlantic! Link here.

Fascinating, fascinating, fascinating.

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