Intel CEO hopeful Jim Keller says the company’s worth is not in its potential sale but in its legacy and current performance. Keller believes that taking the company private with American investors would be a better option than selling it off at fire-sale prices.
Keller, who led Intel’s silicon engineering team before becoming CEO of Tenstorrent, claims that Intel built its reputation on creating fast CPUs using cutting-edge process technologies. He argues that breaking up the business and handing it over to third parties is not a way to unlock shareholder value but rather a sale of an underperforming company.
A great Intel, Keller says, is worth $1 trillion. However, he believes that throwing away such a valuable asset would be irresponsible. The latest rumors suggest that Broadcom might take over Intel’s products business, while the Intel Foundry unit could form a joint venture with TSMC or other companies to create a new independent chipmaker.
Keller also comments on the challenges of Intel going private and becoming an independent entity. He notes that the US government may not support foreign ownership of Intel’s fabs, which would hinder its ability to maintain control over products and manufacturing.
In conclusion, Keller’s views highlight the importance of preserving Intel’s legacy and performance rather than focusing solely on short-term gains from a sale. His comments underscore the need for responsible decision-making when it comes to the company’s future.
Source: https://www.tomshardware.com/pc-components/cpus/jim-keller-says-a-great-intel-is-worth-usd1-trillion-company-would-be-sold-at-fire-sale-pricing-if-sold-now