Two years later, Bob Swan steps down as CEO of Intel. Following the resignation of Brian Krzanich, Swan took over the reins of Intel to face the greatest challenge in the history of the company. But on February 15, he will leave the post, as announced by the company in a statement. Pat Gelsinger, former Intel CTO and ex-VMWare CEO, to be Intel’s new CEO.
For the past two years, Intel has suffered from its competitors. The chipsets de AMD They have made a significant leap, while Intel’s 11th generation processors have suffered from delays. To this is added the acquisition of ARM by NVIDIA and the arrival of the Apple ARM processors, ending its alliance with Intel for MacBooks.
Intel returns to an in-house engineer to lead this new stage
At the end of last year, the director and founder of the investment fund Third Point Management, Daniel Loeb, sent a letter to Intel proposing different actions to face and solve the different problems he was facing. From Intel they explained that they hoped to collaborate with Third Point to “increase the value for their shareholders.” Less than a month later, Intel returns to the hands of a technical profile to lead the company.
According to Intel, the company “has made great progress on its 7-nanometer technology and expects to provide an update by the end of January.” Pat Gelsinger spent 30 years at Intel, and according to Omar Ishrak, one of Intel’s board members, it was concluded that “now is the right time to make this change of leadership to take advantage of technology and Pat’s engineering expertise during this critical period of transformation at Intel“.
During his time at Intel, Gelsinger became the company’s first CTO and helped develop technologies such as USB and WiFi. He was the architect of the 80486 processor, played an important role in the development of the Core and Xeon families and was responsible for more than 14 processor lines at Intel.
From Bob Noyce to Brian Krzanich, every Intel CEO has had a long tradition within the company. Pat Gelsinger faces the challenge of leading Intel’s transition to an industry where the performance and efficiency of competitive chipsets is increasing.
More information | Intel
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