Pat Gelsinger’s sudden exit as Intel CEO raises questions about the chip giant’s future. Will it look to internal candidates or consider outsiders? One area of focus will be the separate manufacturing business, a strategy that has been met with skepticism.
In 2021, Gelsinger took the reins at Intel, seeking to revamp the company’s fortunes. However, his departure leaves a complex web of issues, including the creation of a new foundry business. This move aimed to boost production capacity but has yet to prove successful.
Industry analysts argue that Intel will likely look outside its ranks for a new leader. Crawford Del Prete, president of International Data Corp., expects this, stating that the board wants a fresh perspective on the plan.
The creation of a separate foundry business is one of Gelsinger’s key legacies. This move was intended to give Intel more control over manufacturing, but it has not yielded the expected results. Outsourcing chip production transformed AMD into a stronger competitor, while Intel struggled behind rival Taiwan Semiconductor.
Analysts like Stacy Rasgon and Srini Pajjuri question whether Intel’s strategy is still on track. The departure of Gelsinger raises concerns about the future of this ambitious plan.
With two interim CEOs leading the company, the path ahead remains uncertain. Industry experts caution that finding a solution to Intel’s challenges will be difficult, if not impossible, in the near term.
Source: https://www.investors.com/news/technology/intel-stock-intc-ceo-search-foundry