Главният изпълнителен директор на Intel подаде оставка след катастрофален мандат – haroonabadvital.com
Intel Technologies announced that CEO Patrick Gelsinger has resigned after a difficult period at the company. Shares of the once-dominant chipmaker have fallen after it missed out on the artificial intelligence boom and was overtaken by most of its rivals, reports said. CNN.
Gelsinger took over as Intel CEO in February 2021, returning to the company where he worked for decades, including as chief technology officer. He left Intel to serve as CEO of software giant VMWare.
At Intel, Gelsinger was tasked with turning around the iconic American technology giant, which was suffering from unprecedented competition, production delays and the departure of key employees. But during his tenure, the company’s prospects continued to deteriorate as it became clear that the company was lagging behind the next big technology wave, despite the billions of dollars the US government spent to support domestic chip manufacturing.
During his tenure, the company’s stock fell by 61%.
In August, the company announced it would cut 15% of its workforce as part of a $10 billion cost-cutting effort and “fundamentally change the way we do business,” the company’s CEO said at the time.
In the past, Intel dominated the global computer chip market. But the wave of portable computers (notebook wave) in the past two decades took the company by surprise and lagged behind its competitors. In recent years, the wave of artificial intelligence has swept the company.
(“The mobile computing wave” refers to the phase in which mobile technologies (such as smartphones and tablets) begin to dominate and change society and the economy, leading to greater mobility, connectivity, and new business models. – Editor.)
A year after Gelsinger took over as CEO, OpenAI introduced ChatGPT, which made a huge splash in the world. The rest is history. Nvidia, once a small competitor to Intel, has become the world’s second most expensive company after betting on chips that can power massive data centers and investing in artificial intelligence. Nvidia’s market cap of $3.4 trillion is 33 times Intel’s $104 billion.
Over the past two years, Nvidia shares have risen nearly 720% as the company has become a staple of the technology world and one of the most valuable public companies in the world.
Intel’s struggles have raised questions about a potential takeover by a competitor like Qualcomm, a prospect that could be more practical under a future Trump administration that is expected to be less aggressive in pursuing antitrust issues.
Radoslav Velkov
