While Intel welcomes a new executive director, a look at the place where the company stands
The giant Intel company has rented the connectors Semi -veteran lipsticks tan R.o Be the new CEO. This news comes after three months Pat gelsiner retirement She waived the company’s board of directors, with Intel Cfo David Zinsner and CEO of Customer Relations Michelle Johnston Holthaus lags behind Co-CEOS.
Tan Who was recently, CEO Design Systems, joins Intel – and re -joining the Council – at an interesting time in the history of Silicon Valley. Intel has seen its fair share of ascending and landing in the past few years – to moderate it.
When Gelsiner took the leadership in February 2021, Intel was already struggling and was giving up her peers in the semiconductor race. At that time, it is possible that the company is still tired A meman for the smartphone revolution In addition to errors when it comes to making a chip.
It was also an interesting time for the semiconductor industry as a whole. The sector witnessed a lot of last unification in late 2020, including AMD Get Xilink For 35 billion dollars and The analog buying Maxide For 21 billion dollars, among other things.
How was the last duration of Gilgringer in Intel? Let’s take a look.
Geelsiner got the right to work when it started. An update plan for the company, It is called IDMOr manufacture the integrated device. The first part of the target was an investment of $ 20 billion to build two new chip -making facilities in Arizona, with plans to increase the production of chips in the United States and beyond.
In 2022, the company announced the second part of this IDM plan, which included a three aspect of chip manufacturing: Intel’s Fabs, scientists manufacturers affiliated with foreign agencies, and building the company’s Foundry services. As part of this plan, the company announced that it would take place Get semiconductor tower For 5.4 billion dollars to help build Intel’s designated Museb services.
This deal fell, however, after facing organizational obstacles. It was canceled in the summer of 2023. At that time, Techcrunch I mentioned The inclusion that does not go through it will have a serious impact on the company’s updating plans. In September 2024, INTEL took steps to transfer the chip’s museum sectionIntel, to an independent subsidiary.
The time before GELSINSER had previously had to INTEL. The company’s share price decreased by 50 % from the beginning of 2024 to the departure of Gilgringer in December. Intel announced plans for Excluding 15 % of the workforceAbout 15,000 people, in August, after the results of the second bleak quarter. At that time, Gelsiner said that the company has struggled to take advantage of the artificial intelligence boom in the same way that it was competitors, and although those left behind, Intel had stumbled.
At the time since the departure of gelsiner, the company It delayed the opening of its factory in Ohio – Once again – I decided not to bring it Falcon the beaches of artificial intelligence chips To the market.
But as Tan It takes the initiative, things may begin to go in the right direction. Intel ended a deal with the US Department of Commerce to receive a 7.865 billion dollars a grant To manufacture semiconductor local conductors through the American Chips and Science Law; Intel already received 2.2 billion dollars from this money grantAccording to the fourth quarter profit call. The company also managed to win when it comes to the popularity of the ARC B580 graphics card, which was sold after that Positive early reviews.
