As Intel applauds a new CEO, a look where the company is standing

Semiconductor hired huge Intel Semiconductor veteran lip-this tBecome a new General Director. This news comes three months later Pat Gelinger retired Customer Relationships Michelle Johnston Holthaus Michelle Holthaus’s Deputy Executive Deputy Executive Intel CFO David Zinzner Holthaus went from the board.

Tan, Recently, the CEO of Cadence Design Systems, Intel – and pleases the board – re-join in the history of Silicon Valley. Intel saw the fair share of the upside and downs in the last few years – to put it softly.

When Gelsinger received Helm in February 2021, Intel was already fighting and reduced his peers in the semiconductor. At that time, the company is still reconstructed Missing in the smartphone revolution In addition to the wrongdoing when it comes to a chip fabrication.

It was also an interesting time for the large semiconductor industry. The sector had seen many last consolidation in late 2020 AMD, to obtain khilink $ 35 billion and Maxim purchase analogue 21 billion dollars, between the others.

So how was Gelsinger’s latest term Intel? Let’s take a look.

Gelsinger was employed when it started. Announced a modernization plan for the company, Collection IDMor production of integrated device. The first part of the goal was a $ 20 billion investment in Arizona with plans to increase chip production in the United States and beyond.

In 2022, the company announced the second part of the company’s second part of the production of three points: Intelin Fabs, third party global producers and company casting. As part of this plan, the company declared it to obtain the tower semiconductor Intel to $ 5.4 billion to help establish special casting services.

This agreement fell after the regulatory obstacles. Canceled in the summer of 2023. Time, TechCrunch declare The failure of the merger will seriously affect the company’s modernization plans. In September 2024 Intel has taken steps to switch to chip casting distributionIntel casting, to an independent derivative enterprise.

Gelinger’s retiring time was especially noisy for Intel. The company’s stock price decreased by about 50% since the beginning of 2024 in December. Intel plans announced Remove 15% of the workforceAbout 15,000 people lost the results of the second quarter in August. At that time, Gelsinger said that the company’s rivals struggle to capitalize in the same way with the AI ​​boom in the same way, despite the fact that most Intel has increased.

Since Gelsinger’s departure, the company has Ohio postponed the opening of the chip factory – Again – and decided not to bring Falcon shores ai chips to the market.

But as Overthrow It takes lead, things can start the right direction. Intel has signed a contract with the US Commerce Department to get a $ 7.865 Billion Grant For US chips and internal semiconductor production through the act of science; Intel has already received This grant money is $ 2.2 billionAccording to the fourth quarter earnings. The company, as the popularity of the Arka B580 graphics card, it also won the victory positive early reviews.