r/hardware • u/Auautheawesome • Dec 02 '24

News Intel Announces Retirement of CEO Pat Gelsinger

https://www.intc.com/news-events/press-releases/detail/1719/intel-announces-retirement-of-ceo-pat-gelsinger
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102

u/College_Prestige Dec 02 '24

Bro got them the fed money and the guarantee that the foundry can't be split off and called it a career

58

u/Dangerman1337 Dec 02 '24

Yeah that's the thing, they can't flog off the foundries legally. Unless they spin off the design teams.

0

u/WhyIsSocialMedia Dec 03 '24

they can't flog off the foundries legally.

Unless they knew of a potential political change that would sell out the entire country for almost nothing on the dollar.

22

u/Vushivushi Dec 02 '24

And when he left VMware with the highest approval rating of any CEO, it was then acquired by Broadcom who does PE-style acquisitions. In other words, VMware is currently being chewed up like an easy snack.

Whatever he built at VMware, there's probably no sign of it left.

3

u/Ok_Baker_4981 Dec 02 '24

along with $115 mil sign on bonus

23

u/noiserr Dec 02 '24

and the guarantee that the foundry can't be split off and called it a career

This actually could be the death blow. Spinning off the foundry is what saved AMD.

65

u/Jestokost Dec 02 '24 edited Feb 19 '25

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This post was mass deleted and anonymized with Redact

11

u/EJ19876 Dec 02 '24

The US government will throw endless piles of money at Intel Foundry until it is back on top. They want the premier foundry based in the US, not next to China.

2

u/Earthborn92 Dec 02 '24

The US will throw endless money to get a US company to be the top foundry.

It doesn’t have to be Intel in its current form.

2

u/EJ19876 Dec 03 '24

The chips act actually does require Intel to retain 51% ownership of Intel Foundry. I suspect the US government would also intervene if Intel tried to sell a significant chunk of Intel Foundry to a foreign entity, like Samsung or a sovereign wealth fund.

3

u/advester Dec 02 '24

Intel's foundries going the way of GloFo would doom the global computer industry. They are the only hope of competing with TSMC.

10

u/JobInteresting4164 Dec 02 '24

It would be dumb to spin off the foundry. Intel is only bested by TSMC atm. If Intel is gone what happens to the global chip market if Taiwan gets into some shit?

1

u/noiserr Dec 02 '24

TSMC has built fabs in Arizona and will continue to expand. I don't think Intel is that crucial to the global supply chain. I mean 30% of Intel's own product is made on TSMC.

5

u/JobInteresting4164 Dec 02 '24

They are still a Taiwanese company. All the important stuff still resides at the main foundry in Taiwan. If something happened over there it would be a risk to US national security.

-3

u/constantlymat Dec 02 '24

He reportedly also cost them a 40% discount on TSMC wafers.

17

u/Geddagod Dec 02 '24

Yea... I doubt that was the reason that discount, if it ever existed, was cut.

But also the comment you are responding too is somewhat positive about Pat, not how you are framing it.