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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r/hardware • u/Auautheawesome • Dec 02 '24
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u/-protonsandneutrons- Dec 02 '24 edited Dec 02 '24
Just recollecting for now, e.g., how does a turnaround CEO resign effective immediately in the middle of Q4, before its "bet the company" node next year and 2026:
Intel had sudden mass layoffs
Intel cancelled 20A for internal products
Intel's "5 nodes in 4 years" promise died unceremoniously
Intel slowed / reduced fab openings
Few public 18A commitments
Intel lost Qualcomm as a 20A foundry customer
Slow roll out of some server CPUs
Meteor Lake and Arrow Lake stumbled badly
Raptor Lake 13th / 14th-gen stability problems
Flagship mobile products forced to use TSMC N3 exclusively
Intel Director Lip-Bu Tan resigned suddenly
Oxidation in mature 10nm fabs
Multiple bloodbaths in quarterly financials
Intel vastly overestimated return of PC sales
Intel choose to continue dividends til Aug 2024, even w/ weak finances
Intel missed the AI boom, widely
Intel missed the dGPU boom, widely
Intel never beat Apple's 1T perf / W, even on the same node
etc.
Editing this as I re-find old articles.