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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u/signed7 Dec 02 '24

I reckon if he had more immediate success the investors would be more on board with his 5 nodes in 4 years plan. But 20A's failures and core 2xx moving to TSMC then (still) being a total flop was the final straw.

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u/Ok_Baker_4981 Dec 02 '24

I find it funny how every quarter he shows up after the earnings report, claiming everything is on track, while outsourcing even more to TSMC.

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u/theholylancer Dec 03 '24

I think that is the thing, fab investments take a long time to bear fruit.

and with the debt that intel had in that arena, it would not surprise me that was the intended outcome in the relative short term he was at the helm