Friday, February 7th 2025
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Rumor: Ex-GlobalFoundries Chief Caulfield May Be Intel's Next CEO
A change in leadership at GlobalFoundries could affect Intel's ongoing CEO hunt as Tim Breen will become GlobalFoundries' new CEO on April 28, 2025, while current CEO Thomas Caulfield will move to Executive Chairman. This switch has got people in the industry talking about whether Caulfield might play a role at Intel or its foundry operations in the future. Caulfield has done well at GlobalFoundries since 2018, he helped the company make money in 2019 by shifting away from making the newest chips to focus on making special semiconductors. This success happened without counting money from selling facilities to ON Semiconductor and Vanguard International Semiconductor.
However, some industry experts point out a possible weak spot in Caulfield's background. While he knows a lot about materials science and engineering, he doesn't have much experience designing integrated circuits, according to BITS&CHIPS. The timing matters a lot for Intel, which has some big tech goals coming up like their new Panther Lake processor set to come out in late 2025 and will use Intel's 18A process node. Both the 18A and 14A nodes need to succeed for Intel's manufacturing future to be strong. Bloomberg reported that Intel is currently focusing on external candidates for its CEO position, among the people under consideration are Marvel's CEO Matt Murphy and Lip-Bow Tan, former Cadence CEO and also a former member of Intel's board.
Sources:
TrendForce, BITS&CHIPS
However, some industry experts point out a possible weak spot in Caulfield's background. While he knows a lot about materials science and engineering, he doesn't have much experience designing integrated circuits, according to BITS&CHIPS. The timing matters a lot for Intel, which has some big tech goals coming up like their new Panther Lake processor set to come out in late 2025 and will use Intel's 18A process node. Both the 18A and 14A nodes need to succeed for Intel's manufacturing future to be strong. Bloomberg reported that Intel is currently focusing on external candidates for its CEO position, among the people under consideration are Marvel's CEO Matt Murphy and Lip-Bow Tan, former Cadence CEO and also a former member of Intel's board.
37 Comments on Rumor: Ex-GlobalFoundries Chief Caulfield May Be Intel's Next CEO
Outsourcing started under Bob (together with Jim Keller), who just tried to grin and bear it (while being smeared as being allegedly Intel'S worst CEO from Intel's BoD by proxy through their media-outlets on pay-roll), while he tried to mime “The Dying Swan” for the time being and act as a makeshift, for when the delulu board could finally get their beloved and well-hailed Pat "God of the Gaps" Gelsinger aboard.
Bob Swan already moved good parts of Intel's volume to Samsung in 2019 (Chipsets, Pentiums, lower i3s), closed the deals on outsourcing with TSMC in 2021 (still as CEO) and already booked large volumes at TSMC's N6 and N3, when Gelsinger wasn't even back yet for his last and final stint (to lay Intel in ashes) – That's why Bob Swan got ousted;
For merely suggesting Intel to start outsourcing to stay any competitive. Even Jim Keller actually suggested outsourcing to TSMC, since everyone knew for a fact, that their 7nm wasn't goign to come on time and will get delayed again.
Outsourcing was seen by the BoD as lèse majesté before big 'ol Intel, and so Bob was ousted for the mere suggestion that Intel wouldn't be able to sport their own products.
So no, outsourcing did explicitly not start under Gelsinger – That may your reality you just completely made up though!
Yes, the CEO has ultimate responsibility, which is why they get fired at times, but the issues here are not things that happened just because of Pat.
Did he promise a lot and under deliver? Sure, he was talking big and was unable to get the company to deliver on those promises.
However, at the same time, look at how unfocused the company has become over the past 20 years.
Intel tried to branch out and make everything from antivirus software (McAfee) to self driving cars, things they knew nothing about, but apparently wanted to dabble in.
They did alright early on in the SSD market, but with failures (not in terms of performance) like Optane, which must've cost them a ton of cash, it wasn't so strange that they sold that part of the company in the end.
Intel also bought companies like Altera and hoped that was going to be the next big thing, but apparently it wasn't a roaring success either, but I don't think they're losing money here.
Then there was the cable router/modem business that never really took off, largely due to them using a really broken Atom core in their SoCs and that was a business that was bought and then sold on for pennies compared to what they paid for it.
How about the XMM modem business they sold to Apple in the end? I don't think they ever made any money out of the few products they produced. Outside of laptop add-in cards, almost no-one except Apple used their modems and they never managed to deliver any 5G products.
Prior to that, Intel bet hard on making it in the mobile phone processor business, I can't remember how many Computex press events I attended where they showed off new, hot (running) hardware from smaller device makers that never really ended up taking any market share (ok, Asus isn't that small, but they are tiny in the mobile phone space).
Do companies have to diversify? Well, maybe, it depends on what you're doing, but when you neglect your core products at the cost of diversifying your product range, then something is seriously wrong. Yeah, no, Taiwan has employment protection laws, although they're quite weak. TSMC run shift work, as their factories operate 24/7/365, except when there's an earthquake. If it was a horrible company to work for, why would so many Taiwanese want to work for them?
Have there been incidents? Sure, but it's also a big company with over 75,000 employees worldwide and not all of them work in the fabs.
I highly doubt it's the best company in the world to work for if you work in the fabs, but you don't see much in terms of complaints about them in Taiwan. Most of the complaints and issues (even deaths) appear to have happened in the Arizona plant in the US. Most of the deaths appears to be construction related though and even if that's awful too, it's a more likely environment for something like that to happen.
Unfortunately I don't know any of the fab workers, but I know a German that have worked for them for over 15 years, admittedly in a different capacity and most likely he earns many times more than the fab workers, but if it was such a horrible company, I'm sure he wouldn't have stayed there for that long.
I also don't know how TSMC treats their staff in xina and Singapore, maybe it's different there.
Granted that ''Pentium 3'' almost killed AMD. If anybody was lucky, it was AMD.
Without or without a new CEO from somewhere else, absolutely nothing will change for the better until solving the actual issues that have been there for many years.
For the foundry business - Intel's first priority nowadays should be hiring the best physicists and material scientists, instead of new CEOs, directors; or managers that barely know the difference between resistor and transistor...