01-14-2021, 08:17 AM
https://www.tomshardware.com/news/intel-...ger-report
Quote:Intel CEO Bob Swan is stepping down from his position, effective February 15, and will be replaced by Pat Gelsinger, who will leave his position as the CEO of VMware to take the role. Gelsinger will also join Intel's Board of Directors and has penned a memo to Intel's employees (we've included the memo at the end of the article).
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Swan served as an interim CEO for seven months as Intel conducted an extended CEO search to replace the ousted Brian Krzanich. Famously, Swan reluctantly took the Intel CEO role after several months of remarking that he didn't want the job.
Swan's lack of technical acumen was thrown in stark relief as Intel struggled with problems with its 7nm node. The delay lead the company to announce that it would turn to outsourcing portions of its core logic components, a first for a company that built its empire on the strength of its manufacturing operations. The worsening state of Intel's future node manufacturing recently led activist hedge fund Third Point to ask the company to explore "strategic alternatives," like spinning off its fabs and/or divesting itself of unsuccessful acquisitions.
VMware CEO Pat Gelsinger was rumored to be up for the Intel CEO position during the previous search and has a storied 30-year history at Intel: He served as the CTO and Senior Vice-President and General Manager of the Digital Enterprise Group.
During that time, Gelsinger was the architect of the original 80486 processor, helmed the creation of multiple generations of Xeon and Core processors, and helped develop technologies like USB and Wi-FI. Gelsinger holds a master's degree from Stanford University, a bachelor's degree from Santa Clara University (magna cum laude), and an associate degree from Lincoln Technical Institute, all in electrical engineering.
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Intel's press release also states that "the company has made strong progress on its 7nm process technology and will provide an update on its Jan. 21 earnings call."