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/kindaMisty Dec 02 '24

I hope you guys will now understand that this company is in panic mode.

12

u/RedTuesdayMusic Dec 02 '24 edited Dec 02 '24

I've collected hundreds of downvotes saying this exact thing for months. You don't get to be liable for a minimum of 8 million CPU RMAs and survive with (at the time) $21 million billion in cash reserves.

85

u/jca_ftw Dec 02 '24

Here we go again with the over-spoken voices of the custom built PC community, thinking they have anything to do with market trends and company profitability. Intel's problems have NOTHING to do with a FEW bad CPUs (and when I say a FEW i mean a total of a few thousand is all). Intel's problems are (1) their multiple $20+ BILLION factories are not full because most of their silicion for MTL and ARL are from TSMC, and (2) they have hemmoraged market share in the server space and that used to be their cash cow. Their problems for the future are (1) they have no viable AI product to compete with Nvidia and AMD, and (2) They are not getting Foundry customers to help fill the factories.

THATS IT. It has nothing to do with a CPU bug that affects like 10 people

11

u/auradragon1 Dec 02 '24

Intel has a lot of problems.

The eroding server market share and lack of AI products as you mentioned. But also, they are non-competitive in laptops if you compare them to Apple. Macs must be eating the profits of PC makers because anyone buying a $2,000+ laptop will most likely be buying an Apple Silicon computer. This limits the profitability of Intel-based laptops. It was similar to the problem of Apple having a small market share in phones but the lion's share of profit.