Шефът на Intel Пат Гелсингър се оттегля – haroonabadvital.com
Intel announced that CEO Pat Gelsinger has resigned and will retire amid one of the most difficult periods in the company’s history.
The once-dominant chipmaker has seen its shares decline after missing out on the opportunity to capitalize on the artificial intelligence boom and finding itself in a difficult position to catch up.
Gelsinger took over as Intel CEO in February 2021, returning to the company where he worked for decades, including as CTO. He left Intel to become CEO of software giant VMWare.
At Intel, Gelsinger was tasked with turning around the iconic American technology giant, which was struggling against unprecedented competition, production delays and the departure of top talent. But during his tenure, the company’s prospects continued to deteriorate as it became clear that the company was lagging behind the new wave of technology.
This happened despite billions of dollars provided by the US government to support domestic chip manufacturing.
Intel ( INTC ) shares fell 61% during Gelsinger’s tenure. The company announced in August that it would cut 15% of its staff as part of a $10 billion cost-cutting effort and “radically change the way we work,” Gelsinger said at the time.
Intel once had a dominant position in the global chip market, with Intel chips found in PCs and Macs. However, the smartphone revolution took Chipzilla by surprise, and the company quickly gave up in the category.
In recent years, Intel has also been caught off guard by the AI wave. The year after Gelsinger took over as CEO, OpenAI introduced ChatGPT, which created a global buzz. And the rest is history: Nvidia, once unrivaled by Intel, is now the world’s second most valuable company after betting on chips that can power massive AI-enabled data centers. Nvidia’s market cap is $3.4 trillion, which is 33 times greater than Intel’s $104 billion.
Nvidia shares have risen nearly 720% over the past two years, making the company one of the most valuable public companies in the world.
CNN indicated that Intel’s problems raised questions about a possible takeover by a competitor such as Qualcomm, an option that may be more practical under the new Trump administration, which is expected to be less aggressive on antitrust issues.
The market breathed a sigh of relief after Gelsinger’s resignation – stocks rose.
