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

[igormp]

Citation or it didn't happen.
(Sidenote: Really? You're better than this kind of thing, what the hell?)

Intel CEO Forced Out by Board Frustrated With Slow Progress

Intel Corp. Chief Executive Officer Pat Gelsinger was forced out after the board lost confidence in his plans to turn around the iconic chipmaker, adding to turmoil at one of the pioneers of the technology industry.

www.bloomberg.com

Intel CEO Forced Out by Board Frustrated With Slow Progress
- Gelsinger was given the option to retire or be removed

 

[lexluthermiester]

Your entire comment was, what I think, is the most "fanboying nonsense" here.

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.

Intel CEO Forced Out by Board Frustrated With Slow Progress

Intel Corp. Chief Executive Officer Pat Gelsinger was forced out after the board lost confidence in his plans to turn around the iconic chipmaker, adding to turmoil at one of the pioneers of the technology industry.

www.bloomberg.com

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.

 

[Redwoodz]

Yes well, if this is what everyone really believes is important, they should absolutely love Arrow Lake now shouldn't they? I mean the 285K is nearly a dead ringer for a 9950X in terms of both performance and power usage. It's never even 5% off on either of them, merely trades a few blows.

Right?

Oh but yeah, Arrow Lake sucks because - it wasn't faster than Raptor Lake.

I forgot..

I sometimes wonder if some Intel engineers read forums like this one, and were stupid enough to think that people really want power efficiency and hence gave them 'what they wanted'.

If they had given 20% more performance instead, Arrow Lake would be the bees knees.

But I digress, more charts :

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Man your comments show a complete disregard for reality. Everyone who uses a high performance cpu knows how important power draw is. You can ignore the power costs all you want but you will never be able to get around the limitations in terms of cooling and thus core speeds. That's why it matters. You have to have a full blown custom loop to keep a 14900KS boosting anywhere near it's limits meanwhile the competition uses standard boxed AIO and coolers.

 

[RandallFlagg]

Man your comments show a complete disregard for reality. Everyone who uses a high performance cpu knows how important power draw is. You can ignore the power costs all you want but you will never be able to get around the limitations in terms of cooling and thus core speeds. That's why it matters. You have to have a full blown custom loop to keep a 14900KS boosting anywhere near it's limits meanwhile the competition uses standard boxed AIO and coolers.

That ain't what the charts say sparky, but you just keep being you.

 

[lexluthermiester]

Man your comments show a complete disregard for reality.

No, they used KNOWN factual info, benchmarks and whatnot. They're displaying ACTUAL reality. The rest of your comment is completely situational..

 

[AusWolf]

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 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.

The fun part is that even if Pat G got retired by force, Intel will never admit it, and we'll never know. All we'll ever have is speculation with the freedom to believe whatever we want to. And as always in such situations, I prefer not to give credit to either side.

 

[Dr_b_]

This guy made all the wrong bets and spent huge sums of $ the company didn't have the revenue or government subsidies to support, made a lot of inane statements about his competitors and technology, prophesied so many things that turned out to be false about future products and nodes, released under his watch defective and uncompetitive products, and ran a 56 year old company into the ground. For all of that, during his brief 4 years as CEO, was paid hundreds of millions.

 

[lexluthermiester]

The fun part is that even if Pat G got retired by force, Intel will never admit it, and we'll never know.

While that is a fair point, if it happened the way that is being portrayed in that Bloomberg article, they would be compelled to make a public statement about it as a matter of law. They have not, so whatever internal squabbling took place is not public information and is not credible.

 

[GodisanAtheist]

Never in a million years would 2014 me have thought that Intel had this kind of a tailspin in them.

 

[kapone32]

Do you not know how to read a chart?

The 9800X3D is the absolute fastest you can get, and it is a whopping 4.1% faster than a 14900K in games at 1440P with a $3000 4090.

Meanwhile the 14900K obliterates it by almost 20% in apps:


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At Ultra

 

[igormp]

While that is a fair point, if it happened the way that is being portrayed in that Bloomberg article, they would be compelled to make a public statement about it as a matter of law. They have not, so whatever internal squabbling took place is not public information and is not credible.

Why would this be a matter of law?
I can see that being the case if he was indeed fired, but not if he was pressured to retire, which allows them to just tell investors that he stepped down willingly and leave it at that.

 

[eidairaman1]

This is a sign, Pat is abandoning a sinking ship after the 13th and 14th gen deterioration, the lukewarm reception of arc, the amt of time they were stagnant on 10nm, oh how the mighty have fallen!

Intel is reaping what they have sown since the mid 90-2022.

And this happened after they got money from "chips"

Portents of what's to come...buyout, spin off fabs and/or other departments, leave the chip design business, etc. At age 63 and rich, he could have retired sooner but I'm sure he wanted to right the Intel ship before riding off into the sunset on a high note. He failed and probably knows something really bad is coming. Pat's got a legacy to protect so he's out before the coming storm.

 

[lexluthermiester]

Why would this be a matter of law?

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

 

[eidairaman1]

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

I had to make that judgement over a person who got their A&P out of a crackerjack box, she had no mechanical aptitude or inclination. I had no confidence in her doing the work specified in the job description, she was already complaining about having to remove coatings using a media blaster, couldn't swing a hammer or use a screw driver or a wrench, or use securing wire to save her life, she also broke a part that costs as much as a used car at $6000 sales price. She must of gotten the a&p like a participation trophy, this was 2 months in.

Glad she resigned because It almost came to point to talk to the COO about a non recommendation of her staying employed at our company, plus the COO caught her ham hawing on her 2 weeks notice of leave, she left only after 1 week.

 

[lexluthermiester]

I had to make that judgement over a person who got their A&P out of a crackerjack box, she had no mechanical aptitude or inclination. I had no confidence in her doing the work specified in the job description, she was already complaining about having to remove coatings using a media blaster, couldn't swing a hammer or use a screw driver to save her life, must of gotten the a&p like a participation trophy, this was 2 months in.

That's a different kind of job. You didn't fire someone who was an executive officer of a corporate entity. The rules are different and complicated in that context of accountability.

 

[umeng2002]

Never in a million years would 2014 me have thought that Intel had this kind of a tailspin in them.

I saw it coming. Steve Jobs had a good speech about marketers taking over companies from the talent that put them on the top.

 

[R0H1T]

Ironically Apple's doing the same for at least a decade now! Who pays $100-200 for 8GB RAM, except Apple cultists of course

Eventually Apple will fall in the same trap of Intel, even if its' a decade from now, with the inflexion point likely being China. Apple has massive sales from China & their bread & butter (phones) are in a serious threat over there!

 

[Lost_Wanderer]

I wasn't expecting a Joshua Graham rendition today, but okay. I also didn't expect Intel to be in (arguably/subjectively) that bad of shape.

 

[eidairaman1]

That's a different kind of job. You didn't fire someone who was an executive officer of a corporate entity. The rules are different and complicated in that context of accountability.

Point is it was coming to a point of a vote no confidence if she hadn't resigned before my Supervisor and I approached the COO.

 

[lexluthermiester]

Point is it was coming to a point of a vote no confidence if she hadn't resigned before my Supervisor and I approached the COO.

Yes, but what I'm saying is that the employee you're referring to is not an officer of the company, let alone the executive officer. You can't just "fire" a CEO or another officer of a company without serious cause and procedures, many of which are required to be declared to the public as Intel is 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.

 

[Ferrum Master]

Good riddance.

As a engineer he made fun of AMD using glued CPUs, while his nodes bled yields, and he could have asked the guy who codesigned the glued CPU's who he employed at the time. Instead he made himself into an internet meme.

At his helm he lost the company value around 60%, what else to add? I am glad I sold my Intel stock this summer.

Lost to Nvidia in AI, Apple in mobile space, TSCM in foundries.

His biggest problem may be that he actually was an ex Intel and thus has unvented connection and perception of things... living the past glory His first move should have been massive lay offs, to regain traction, but it went otherwise, unneeded acquisitions, many ex employees including Jim Keller admitted in interviews about the toxic internal friction in between groups.

 

[nguyen]

Oh well Pat was the reason TSMC charge higher prices, so he has to go after all.

Funny that running your mouth has consequences after all

 

[csendesmark]

and the start of AMD's monopoly.

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

 

[Broken Processor]

So I have a 7900X3D and City Skylines 2. I get 60+ FPS at 4K when my city is over 800,000. Are you suggesting that the 5800x3D is faster than my 7900X3D?

No but a 9800x3d would what's your point? You also forget I said 12 core as well or did that wash over you because it didn't fit your scenario?

 

[Scrizz]

For all of that, during his brief 4 years as CEO,

He almost made it to 4 years. Honestly, I'm a bit disappointed not enough time was given for the complete restructuring.
I guess we'll find out in a few years time if the changes worked. Maybe this is also a condition for the CHIPS act stuff