Intel CEO Pat Gelsinger Retires, Company Appoints two Interim co-CEOs

[LittleBro]

Oh Gelsy, Gelsy ... Your bold statements shall never be forgotten.

"I can already see AMD in the rear mirror." Well, objects in the mirror might be closer and bigger than they appear. You may even be reversing while looking at that mirror.
"I bet the whole company on Intel 18A process." Why retiring now before seeing how your bet of the life turns out? Afraid, are we? Surely it's better to retire than to get fired.
"With 18A Intel will achieve world process leadership and bring Intel back to top." One shall see in 2025!

This is not a coincidence:

Intel CEO Gelsinger forced out after board lost confidence in turnaround plan

https://www.reuters.com/business/intel-ceo-pat-gelsinger-retire-2024-12-02/

Gelsinger, who resigned on Dec. 1, left after a board meeting last week during which directors felt Gelsinger's costly and ambitious plan to turn Intel around was not working and the progress of change was not fast enough, according to a person familiar with the matter. The board told Gelsinger he could retire or be removed, and he chose to step down, according to the source.

Of course he's technician in heart and thus he'd like to see final product of his efforts. Reuter's article totally makes sense. I mean who stops in the middle or near the end of the proccess?

Now, with this woman (has most of experience in sales and marketing) in charge, best of luck Intel ... MBA rulezzzzzz.

 

[azrael]

Seems like "Kickin' Pat" Gelsinger got kicked out (however else Intel might want to phrase it). TBH when he joined Intel as CEO I had high hopes, but it seems he was in over his head.

 

[Vayra86]

Unlike the fanboying nonsense being displayed in some of the comments above, I think Pat did a lot of good while he was at the helm. We have the ARC GPU's, both card and IGP versions, we had the BIG/little thing which turned out decently and few other things he helped with or started. My only real complaint is that he didn't revisit the HEDT market sector, but with the challenges of the pandemic...

Pat was a positive person and he left a good mark on Intel and the world.

Enjoy retirement Mr Gelsinger!

In my view, Pat did certainly try to do a lot of good, but a lot of his efforts failed miserably.

Big little didn't save Core, but did get into a lot of issues; scheduling most notably, but even more so: degradation on chips. One could say big little enabled this, as it enabled Intel to keep pushing their old designs even further past expiry date. At the same time, Pat has not had the courage to just stop releasing for a while and actually get back to the drawing board for something truly new. The train had to keep rolling. That's a CEO decision and it basically put Intel in an even worse position.

Arc did not materialize into any kind of footing on the GPU market yet, at best it serves now to keep their IGPs somewhat current, but they did that without Arc, too. We're hoping the next release of Arc will 'do something' in the entry level dGPU space. That's... not much.

IFS thus far is a catastrophic failure and again: 20A is not materializing, 18A is a big question mark.

Share price:

So yeah... fantastic, such a positive person, who managed to shed 60% of Intel's share price in his amazing reign.

 

[L'Eliminateur]

I wonder if this is an indication that his plan to make Intel a manufacturing behemoth to go against TSMC is failing. They scrapped A20, probably to focus more on A18, I wonder if A18 is also bad. If A18 was in a very good position, that alone could keep him in the CEO position. If this is also failing, then I can understand why he is stepping down.
Then again we had the 14K fiasco, the 200 Ultra fiasco, the failed attempt with ARC to get market share in discrete GPU market, the Raja server GPU that was a failure, the AURORA.....damn, they are many...

Raja itself is the failure, i forget if he was there before Pat or he got hired under Pat, if it was the former he should've been fired on the spot, the dude is a smoke-machine chronic underperformer and company-destroyer. If it was the latter... welll now we see what happens when you FAFO

As i've said, intel cannot stop fucking up in all the fronts, the division that didn't fuckup got sold (like storage, and even then they discontinued 3d Xpoint which was an terrific technology totally disruptive and could've been perfect for consumer if they got the cost down)

 

[Daven]

Interesting take by Servethehome.com…are the dual interim CEOs precursor to a split?

Pat Gelsinger Out as Intel CEO

Today Intel announced that Pat Gelsinger retired from Intel as CEO yesterday in what looks like a swift move for Intel's Board

www.servethehome.com

 

[TumbleGeorge]

but today's Ultra 7 265k processors are basically Threadripper

Threadkiller, just fixed this for you.

 

[Hecate91]

As i've said, intel cannot stop fucking up in all the fronts, the division that didn't fuckup got sold (like storage, and even then they discontinued 3d Xpoint which was an terrific technology totally disruptive and could've been perfect for consumer if they got the cost down)

Agreed, I was disappointed when Intel discontinued and sold off their entire storage division, 3D Xpoint and Optane was some very innovative tech and Intel was dumb for giving up on storage.

Interesting take by Servethehome.com…are the dual interim CEOs precursor to a split?

Pat Gelsinger Out as Intel CEO

Today Intel announced that Pat Gelsinger retired from Intel as CEO yesterday in what looks like a swift move for Intel's Board

www.servethehome.com

That would be a surprise if Intel would be allowed to split, the CHIPS act funding Intel got isn't allowing them to sell their foundries.

 

[R0H1T]

then they discontinued 3d Xpoint which was an terrific technology totally disruptive and could've been perfect for consumer if they got the cost down

Except they didn't want that, at least not hard enough & wanted the same "Intel" premium they'd been charging in the server space for decades! Remember this company did not lower their consumer CPU prices for over(?) a decade till Ryzen second gen, they just retired them instead

the CHIPS act funding Intel got isn't allowing them to sell their foundries.

I read majority ownership should be American(Intel?) but that doesn't stop them from spinning it off as a separate entity with over 50% ownership!

 

[Yukikaze]

That would be a surprise if Intel would be allowed to split, the CHIPS act funding Intel got isn't allowing them to sell their foundries.

That depends on what gets sold off. Intel can retain the fabs but sell off CCG to someone else. They keep their foundries this way and remain Intel, but they no longer develop consumer CPUs. Kind of like a reverse of what happened with AMD and GloFlo.

 

[Daven]

That depends on what gets sold off. Intel can retain the fabs but sell off CCG to someone else. They keep their foundries this way and remain Intel, but they no longer develop consumer CPUs. Kind of like a reverse of what happened with AMD and GloFlo.

This is exactly right and a split might be the reason Pat was fighting with the Board. I expect a major Intel business announcement of some sort as early as this month but no later than early 2025.

 

[R0H1T]

Selling CCG is basically end of Intel as we know it, no way that's possible!

 

[Am*]

Congratulations to Intel -- this firing/"retiring" was long overdue, and we can finally celebrate that his employment with Intel is now firmly "in the rearview mirror".

He's easily been one of the worst CEOs the company has ever had.

 

[igormp]

Google is your friend. Look up "Vote of no-confidence". Enjoy.

I don't believe this applies here, nor has anything to do with any laws regarding a publicly traded company.

For Pat Gelsinger, Intel's CEO and Director of the Board, to be forced out, Intel would be required to disclose such to the public. They have not, as of yet.

They did disclose that he was retiring. Similarly, with Bob Swan they just disclosed that he was stepping down, and nothing else.
It sounds like you're just trying to cope for some weird reason.

 

[Daven]

Congratulations to Intel -- this firing/"retiring" was long overdue, and we can finally celebrate that his employment with Intel is now firmly "in the rearview mirror".

He's easily been one of the worst CEOs the company has ever had.

Many here have no idea how poorly Intel performed under Pat. The stock was almost 70 just after he took over and dropped as low as 18 earlier this year.

Intel missed out on smartphones and tablets.
Intel missed out on Apple computers.
Intel missed out on cryptocurrency.
Intel missed out on data center GPUs.
Intel missed out on foundry leadership.

There is not one single product rumored or on an official roadmap in the near and far future that would return Intel to competitiveness much less market dominance.

And before anyone says this is a cycle, or Intel will turnaround or they are too big to fail, please explain how they plan to beat Nvidia at GPUs, Apple at SoCs, AMD at gaming and TSMC at both fab node advancement and procuring third party customers for IFS.

 

[RandallFlagg]

View attachment 374216
Distribution of Intel and AMD x86 computer central processing units (CPUs) worldwide from 2012 to 2024, by quarter
What monopoly are you referring?

So that chart is interesting. Pat Joined Intel in 2021 - after a steep market share decline that included most of 2020 / Covid start. Within a few quarters Intel's overall market share slide stopped and stabilized, even went up a few points. Chart likely does not include Intel's IFS contracts as well.

 

[NoneRain]

Intel missed out on smartphones and tablets.
Intel missed out on Apple computers.
Intel missed out on cryptocurrency.
Intel missed out on data center GPUs.
Intel missed out on foundry leadership.

There is not one single product rumored or on an official roadmap in the near and far future that would return Intel to competitiveness much less market dominance.

And before anyone says this is a cycle, or Intel will turnaround or they are too big to fail, please explain how they plan to beat Nvidia at GPUs, Apple at SoCs, AMD at gaming and TSMC at both fab node advancement and procuring third party customers for IFS.

Maybe his achievements were the friends made along the way.

 

[Caring1]

Yeah everyone kind of knew his time is up when he started to tweet bible quotes.

View attachment 374131

Two out of three for him, no honour in leaving a sinking ship.

 

[JustBenching]

Games aren't known for using the E-cores much.

Games @ 1440p:
View attachment 374166

Like I said, the AMD fanboi's really hated to see Raptor Lake be this good.

The same people that blamed intel for not adding more cores now complain that they are faster only because they have more cores. It's insanity...

 

[L'Eliminateur]

Except they didn't want that, at least not hard enough & wanted the same "Intel" premium they'd been charging in the server space for decades! Remember this company did not lower their consumer CPU prices for over(?) a decade till Ryzen second gen, they just retired them instead

A probable point, Optane was perfect for consumer because of the insanely low response time it has that make everything super responsive, we don't need ultra high throughtput with high response times in consumer space, are you telling me you'll notice a 3GB/s drive vs a 8GB/s one?, but i'll bet you'll notice if you have a sub-ms response at all loads versus tens of ms for nand flash

i'm still waiting for cheap 2nd/3rd hand DC P5800X drives

 

[ThomasK]

Why because I'm being objective, sensible and respectful to someone retiring and NOT jumping on the Intel shaming, shitposting bandwagon? Hmm? Additionally, if you had been around long enough to be paying attention, you would know that I go to bat the same way for AMD and the nitwits badmouthing Lisa Su. You'd know that I take little to nothing on tick and I don't suffer fools.

Your comment is as ironic as it is without merit.


Oh, a Bloomberg rumor article eh? You don't say. When it's announced from Intel themselves, and it would legally have to be under those kinds of conditions, we can accept that as meritful. Not until then.

All I'm reading is whatever whatever whatever I'm a fanboy.

+ Irony apart, who are you to judge merit here? Nobody.

 

[dragontamer5788]

2. The Marketing lean. Intel told us that Arc was going to compete and it didn't. More recently they marketed the IGPU in the MSI Claw as being an alternative to the Steam Deck but the reviews showed us that they are still behind.

That's just Raja being Raja. When Raja was working for AMD, he pulled the same crap with Vega and Polaris GPUs.

Raja Koduri was probably the industry's biggest hypeman for GPUs, I kid you not. Literally every GPU feature was hyped to hell-and-back under Raja. I'm not surprised he continued that streak into Intel.

Raja seems to be reasonably decent at GPU design. But always take his hype for... well... hype. Take with many grains of salt.

 

[Carlyle2020hs]

Anybody seen his interim replacements?

Good luck to them. They seem a tad overwhelemd.

 

[RUSerious]

Anybody seen his interim replacements?

Good luck to them. They seem a tad overwhelemd.

Finding a new CEO to take on Intel in its current state is going to be a challenge. The pay package is going to have to be huge I think.

 

[pavle]

This is quite a turn of events, once again intel is in the hands of bean-counters. Who needs engineers anyway?

P.S.: I don't like the situation either.

 

[Am*]

Many here have no idea how poorly Intel performed under Pat. The stock was almost 70 just after he took over and dropped as low as 18 earlier this year.

Intel missed out on smartphones and tablets.
Intel missed out on Apple computers.
Intel missed out on cryptocurrency.
Intel missed out on data center GPUs.
Intel missed out on foundry leadership.

There is not one single product rumored or on an official roadmap in the near and far future that would return Intel to competitiveness much less market dominance.

And before anyone says this is a cycle, or Intel will turnaround or they are too big to fail, please explain how they plan to beat Nvidia at GPUs, Apple at SoCs, AMD at gaming and TSMC at both fab node advancement and procuring third party customers for IFS.

I agree -- but it's not just that. It's Pat's entire IDM 2.0 strategy (which should've been called IBM 2.0, because they're well on their way to becoming as irrelevant as IBM).

Putting all your bets on the most long-term strategy you could possibly pick (building new fabs) whilst you're losing market share, are years behind in efficiency and losing profitability in every sector is suicidally stupid. All they had to do is focus on the most short-term strategy that they could pick -- bring out a killer new CPU architecture like AMD did, put a roadmap together to keep improving on it and then focus on their GPU architecture -- with all fab expansion plans being placed last in the pipeline only if/once their new node is ready. Building fabs for a company that can't refresh its already existing architecture without colossally screwing up (with oxidation, degradation and ring bus failures) and which is paying through the nose to not use their own fabs is as dumb as if WeWork with all of their vacant offices during the lockdown suddenly decided to build additional offices of their own in preparation for the lockdowns lifting. You can't be taking out new long term debt when your current short term business model is crumbling by building new fabs in preparation for some pie-in-the-sky dream when your current ones have no customers, can't manufacture or design decent hardware of their own and can't even produce decent yields at anywhere near comparable costs to other fabs.

The board of directors that approved this strategy of his should be sacked ASAP for Intel to have any chance of surviving.