As Intel welcomes a new CEO, an overview of the presentation of the company
The giant semiconductor intel hired Semiconductor to Be his new CEO. This news comes three months later Pat Gelsinger retired And left the company’s board of directors, with the financial director of Intel David Zinsner and the executive vice-president of relations with customers Michelle Johnston Holthaus working as a CO-PDG.
Tanned, Who was more recently the CEO of Cadence Design Systems, joined Intel – and joins the Board of Directors – at an interesting moment in the history of Silicon Valley Company. Intel has seen its fair share of ups and downs in recent years – to say it slightly.
When Gelsinger took the bar in February 2021, Intel already had difficulty and took away from his peers in the semiconductor race. At the time, the company was probably still in shock Miss the smartphones revolution In addition to the missteps with regard to the manufacture of fleas.
It was also an interesting period for the semiconductor industry as a whole. The sector had seen a lot of recent consolidation at the end of 2020, in particular AMD acquiring Xilink for $ 35 billion and Analog purchase maxim For $ 21 billion, among others.
So how was Gelsinger’s most recent mandate at Intel? Let’s take a look.
Gelsinger started working when he started. He announced a modernization plan for the company, Nicknamedor manufacture of the integrated device. The first part of the objective was an investment of $ 20 billion to build two new flea manufacturing facilities in Arizona, with plans to stimulate the production of fleas in the United States and beyond.
In 2022, the company announced the second part of this IDM plan, which involved a three -stea approach to flea manufacturing: Intel Fabs, third -party world manufacturers and creation of the company’s foundry services. As part of this plan, the company announced that it acquire a semiconductor of the tower For $ 5.4 billion to help create personalized Intel foundry services.
However, this agreement failed after facing regulatory obstacles. It was canceled in the summer of 2023. At the time, Techcrunch reported The fact that the merger that does not go through would have a serious impact on the modernization of the company. In September 2024, Intel has taken measures to transition from its chip foundry divisionIntel Foundry, to an independent subsidiary.
The time leading to Gelsinger was particularly tumultuous for Intel. The company’s share price dropped by around 50% from the beginning of 2024 from Gelsinger in December. Intel announced its intention to dismiss 15% of his workforceAbout 15,000 people, in August after the global results of the second quarter. At that time, Gelsinger said that the company had trouble capitalizing on the Boom of AI in the same way that its rivals had been, and that in spite of late, Intel had invaded the workforce.
Since the departure of Gelsinger, the company has delayed the opening of its Ohio Chip Factory – again – and decided not to bring his Falcon shores ai chips to market.
But as Tanned Take the lead, things can start to go in the right direction. Intel has concluded an agreement with the American trade department to receive a Brant 7.865 billion dollars for the manufacture of domestic semiconductors through the US Chips and Science Act; Intel has already received $ 2.2 billion in this grantAccording to his call for results in the fourth quarter. The company was also able to win a victory with regard to the popularity of its Arc B580 graphics card, which sold after Early positive opinion.
