Pat Gelsinger's tenure as Intel CEO has ended unexpectedly after nearly four years. His immediate departure leaves the semiconductor giant without a clear succession plan, raising questions about internal disagreements, particularly regarding the split of the foundry business from the design company.
Pat Gelsinger is out as Intel CEO , cutting short his nearly four-year crusade to revitalize the beleaguered chipmaker.
While Intel would never admit it, it wouldn't be the first time the board had lost faith in its chief exec. Former CEO Bob Swan's time at Intelrather abruptly in early 2021 amid pressure from activist investors and mounting pressure from competitors. His departure, of course, made way for Gelsinger's return as CEO that same year.
Also, AMD was already shipping its second-generation of Ryzen processors based on TSMC's 7nm process tech and Apple had just launched its M1 SoC on the Taiwanese foundry operator's 5nm tech. Unfortunately for Gelsinger, realizing these ambitions wouldn't be easy. He was essentially starting from scratch with foundry being of limited utility until 18A and the fabs to produce it were ready in 2026.
However, it wasn't just Intel that suffered as a result of the delays. An HBM-equipped variant of Sapphire Rapids was, alongside Intel's Ponte Vecchio GPUs, slated to power the Argonne National Laboratory's Aurora supercomputer. We'll note that very little of this was actually Gelsinger's fault. Product development for new silicon takes years and work on these chips almost certainly began well before he took over as CEO.The same can't be said of Intel's ailing foundry unit, for which the real reckoning came in early 2024 when Intel officiallyIn the quarters since, Intel Foundry has posted more than $11 billion in operating losses. Investors clearly felt lied to.
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