I'm not a big fan of Gelsinger or anything, but it's not as if the CEO is their fundamental problem. They're just stuck in a no-win situation. Their foundry business is bleeding money as-is, and it's not even anywhere near state-of-the-art. They probably can't raise enough capital to make their foundry competitive, but it's politically impossible to shut it down or sell it off. It seems to me that Intel is headed very slowly toward bankruptcy, in several years, and only after that will they be able to reorganize into something decent.
I don't know that much about Pat, but he seemed like a good guy that had a vision and really tried to turn things around after Intel started heading down hill. I'm sorry he got forced out, even if it was inevitable.
Intel's competitor isn't AMD. Intel's competitor is it's own execution or failure thereof for about a decade - just not staying bleeding edge. Not sure who that new CEO should be carving off to make the money and timeline work. That guy at QCOM, not the guy. Wonder if it was board egos, or Gelsinger just flat wearing himself out.
The problem with these companies isnt the lack of R&D. its the lack of willingness to know when its time to cannabilize existing offerings to make way for the future market creating and leading products. lack of vision and strategy.
Re-shoring the business back to the US probably wasn't the mistake. The mistake was probably not spinning off the business like how AMD did it. I don't think other chip designers trusted Intel to not give it's own chips preferential treatment, so there was a district lack of partnerships announced. I don't even want to talk about Gaudi or the failed Desktop CPU launch
No, FABs idea was good idea. Imagine that chips for your iPhone or iPad are made in US and not in the Taiwan TSMC. So actually Intel could be or would be second player on the earth, making chips for all of the devices. I hope they will succeed.
People did not realize that during Covid they were getting a Hugh boost if spending, companies and city, state and Federal government spending as well as foreign buying the same. Computers for people or kids to be at home. That over spending means lots of computers out there won't need replacing for years. No one there thought that till after it happened. They should have stayed in current course to recapture the lead in the market.
Intel is the only semiconductor company to not make a single profit in the era of AI. Think about that. How incompetent do you have to be to not make money off AI as a leading semiconductor company?
The Board of Directors should be next.
Correction it's the Rise of AMD and TSMC that killed Intel, NVDA has very little to do with Intel's failure.
TSMC mostly IMO.
@@lylestavast7652intel own decisions to building fab ....in wrong time
No! This guy was the one to turn around Intel!
I was really rooting for them to get to the 18A node and turn things around too! I hope Intel can still make it.
Shareholders see line go down and call for a head, they have no concept of how errors made 10 years ago need time to correct.
I'm not a big fan of Gelsinger or anything, but it's not as if the CEO is their fundamental problem. They're just stuck in a no-win situation. Their foundry business is bleeding money as-is, and it's not even anywhere near state-of-the-art. They probably can't raise enough capital to make their foundry competitive, but it's politically impossible to shut it down or sell it off. It seems to me that Intel is headed very slowly toward bankruptcy, in several years, and only after that will they be able to reorganize into something decent.
I don't know that much about Pat, but he seemed like a good guy that had a vision and really tried to turn things around after Intel started heading down hill. I'm sorry he got forced out, even if it was inevitable.
Rat deserting the sinking ship after laying off so many people. I bet he got a golden parashute compared to the people he layed off.
There goes our taxpayer money…
this is truly breaking news.😢
intel's problem is NOT their CEO but their short term mindset.
PFE CEO should be out long time ago.
I feel bad for Pat, and I hope Intel claws its way back and he can still see some of his vision come to fruition.
I hope Pat works on getting his health and smile back...its been a long road ! Time to take it easy Pat.. Best wishes !
Intel's competitor isn't AMD. Intel's competitor is it's own execution or failure thereof for about a decade - just not staying bleeding edge. Not sure who that new CEO should be carving off to make the money and timeline work. That guy at QCOM, not the guy. Wonder if it was board egos, or Gelsinger just flat wearing himself out.
The problem with these companies isnt the lack of R&D. its the lack of willingness to know when its time to cannabilize existing offerings to make way for the future market creating and leading products. lack of vision and strategy.
Retired or fired? I guess God told him he wasn't the right person for the job. Let's get someone like Lisa Su to head intel.
Buy now !!! Next Result should be great !
RIP Intel
Pat did a lot of good big things to turn Intel around..takes times to see the turnaround. It will come.
Sounds like a coup, to take credit for Pat's ideas.
New younger talent there is an immense opportunity. There is a lot of talent out here!
I used to work at Intel. It's a dinosaur it will end up like General Electric!
What did you do at Intel, and what did you think of Pat?
@@PunmasterSTP I was Field Sales Engineer. I thought he was smart engineer but not a good ceo. I should have been CEO
Impressive. Not every day you know some intel worker. Cheers mate @@WaweruN.Gatimu
He took the job of captain and salary and couldn't make the Titanic float. He should have resigned long ago before he layed off a lot of workers.
Looks like stock buybacks were not enough
Now intel will hire AMD CEO 😂😂
Looks more like Pat got Fired strategy changes failing and 10k lay offs and more, AMD and TMSC dominant.
The focus needs to be on design or fabs.
Re-shoring the business back to the US probably wasn't the mistake. The mistake was probably not spinning off the business like how AMD did it. I don't think other chip designers trusted Intel to not give it's own chips preferential treatment, so there was a district lack of partnerships announced. I don't even want to talk about Gaudi or the failed Desktop CPU launch
No, FABs idea was good idea. Imagine that chips for your iPhone or iPad are made in US and not in the Taiwan TSMC. So actually Intel could be or would be second player on the earth, making chips for all of the devices. I hope they will succeed.
Good riddance
What specifically didn't you like about Pat?
Market waited for confirmation from cnbc
it is time to merge intel and amd and ask lisa su to head both companies
Why? Wouldn't that decrease competition and take away incentive for both companies to stay competitive and innovate?
Wow!!! What a flop lol!!
People did not realize that during Covid they were getting a Hugh boost if spending, companies and city, state and Federal government spending as well as foreign buying the same. Computers for people or kids to be at home. That over spending means lots of computers out there won't need replacing for years. No one there thought that till after it happened. They should have stayed in current course to recapture the lead in the market.
Intel is the only semiconductor company to not make a single profit in the era of AI. Think about that. How incompetent do you have to be to not make money off AI as a leading semiconductor company?
Shame it was not Joe retiring ........
55$🍀🌷🌲