News Intel appoints Lip-Bu Tan as permanent CEO

[Admin]

Industry veteran Lip-Bu Tan becomes Intel's permanent CEO, rejoins the company's board-of-directors.

Intel appoints Lip-Bu Tan as permanent CEO : Read more

 

[Kamen Rider Blade]

A good choice IMO

 

[Notton]

He left Intel during 2022-2024?
So he left Intel because he disagreed with Pat Gelsinger's direction?
The same direction that was trying to turn the company around from 14nm++++++++++++++++++ and into competitive products?

So they have chosen death...

 

[Jimbojan]

We need a guy who understand Intel's internal structure and design team, Tan has no idea about intel, it will take him a long time to understand, the board is screwed up.

 

[Gururu]

Nice to see a tech nerd get the job. Go MIT!

 

[thestryker]

He left Intel during 2022-2024?
So he left Intel because he disagreed with Pat Gelsinger's direction?
The same direction that was trying to turn the company around from 14nm++++++++++++++++++ and into competitive products?

So they have chosen death...

I'm hoping it was something with internal structure/direction he objected to, because otherwise you're right. Gelsinger's line in the sand was breaking apart the company and if that's what the disagreement was then we know what the future holds.

 

[phead128]

We need a guy who understand Intel's internal structure and design team, Tan has no idea about intel, it will take him a long time to understand, the board is screw up.

Tan was on board of directors of Intel for 2 years from 2022-2024, overseeing manufacturing operations.

 

[thestryker]

He certainly has the background to be successful, but then again so did Gelsinger. Now the question becomes what is he willing to do that Gelsinger wasn't. Hoping it's a good thing long term, but the most obvious conclusions are not good ones.

 

[DalaiLamar]

It's too late. Intel will continue to sink, maybe at a slower pace.

 

[spongiemaster]

I'm pleasantly surprised by this choice. Except for this part:

and proven track record of creating shareholder value is exactly what Intel needs in its next CEO

Nope, that is not what Intel needs. Intel needs to execute its roadmap on schedule and deliver better products to the market while getting the IDF on track and heading towards profitability.

 

[cyrusfox]

I'm pleasantly surprised by this choice. Except for this part:



Nope, that is not what Intel needs. Intel needs to execute its roadmap on schedule and deliver better products to the market while getting the IDF on track and heading towards profitability.

But If Intel does what you say, and I agree with the focus, shareholder value will increase. Execution on product and profitability are preferable to creating shareholder value than doing a fire sale.

 

[spongiemaster]

Execution on product and profitability are preferable to creating shareholder value than doing a fire sale.

Long term, yes. Short term, no, and we all know how impatient shareholders are. A firesale will create shareholder value today, which is all that most of them care about.

 

[-Fran-]

He left Intel during 2022-2024?
So he left Intel because he disagreed with Pat Gelsinger's direction?
The same direction that was trying to turn the company around from 14nm++++++++++++++++++ and into competitive products?

So they have chosen death...

There's a lot more nuance to that. I actually think this is a good choice for Intel, but I'm not 100% sure he'll be able to fix all of Intel's problems. Specially now with the CHIPS act getting dismantled, this fella has a tough road ahead of him.

Still, if he manages to rally the behemoth, their recovery could be rather quick. It's just a matter of what he'll prioritise, to which I'd imagine he'll chop and streamline things.

Let's see in Q3 if there's any signs of recovery.

Regards.

 

[thestryker]

Let's see in Q3 if there's any signs of recovery.

Any recovery happening this year would be due to Gelsinger and not anyone new. There isn't a single product coming that wasn't already nailed down before his departure. The only potential change is canceling products, shutting down parts of the business and/or selling them off.

 

[spongiemaster]

He left Intel during 2022-2024?
So he left Intel because he disagreed with Pat Gelsinger's direction?

He left only 3 months before Gelsinger was forced out. The mutiny had likely already started taking hold by the time he left and maybe seeing the writing on the wall, decided to bail as he thought that was the wrong move. Where Intel goes from here will determine whether Tan was for or against Gelsinger's plan.

 

[-Fran-]

Any recovery happening this year would be due to Gelsinger and not anyone new. There isn't a single product coming that wasn't already nailed down before his departure. The only potential change is canceling products, shutting down parts of the business and/or selling them off.

Yes and no. There are tangible things he can get done in a couple Q's, but you're not wrong in case he decides to fix/focus on long term strategies first. There's something he can immediately "fix": image and OEMs.

We'll see, for sure when* he's full time in the job and talks to his people.

Regards.

 

[Mr Majestyk]

He left Intel during 2022-2024?
So he left Intel because he disagreed with Pat Gelsinger's direction?
The same direction that was trying to turn the company around from 14nm++++++++++++++++++ and into competitive products?

So they have chosen death...

No, it was partly about the fact they didn't want to push harder into the AI market. He said they needed to take the market more seriously and was a wise investment.

Sounds like a good choice IMO.

 

[Jimbojan]

Industry veteran Lip-Bu Tan becomes Intel's permanent CEO, rejoins the company's board-of-directors.

Intel appoints Lip-Bu Tan as permanent CEO : Read more

On the board does not make him understand what is going on in the design team, or the politics of Intel inside.

 

[bit_user]

He left Intel during 2022-2024?
So he left Intel because he disagreed with Pat Gelsinger's direction?

He left in August 2024, shortly before Gelsinger's ouster. It sounds to me like he disagreed with other board members who were plotting to knife Gelsinger in the back, but that's just pure speculation.

No, it was partly about the fact they didn't want to push harder into the AI market. He said they needed to take the market more seriously and was a wise investment.

That might've been his public reason, but it doesn't mean he didn't have other reasons for leaving.

I think that, if he felt ousting Gelsinger was the wrong thing to do, that he probably didn't want to be seen as having any part in it.

 

[bit_user]

the question becomes what is he willing to do that Gelsinger wasn't.

Or, maybe Gelsinger had just run out of political capital. Intel's investors needed a scapegoat for its financial downturn, so it became too expedient to throw Gelsinger to the wolves for them to do otherwise.

Hoping it's a good thing long term, but the most obvious conclusions are not good ones.

At this point, I see it as pretty much one of the least bad outcomes. I'm willing to give him time to set his direction and see where it points.

Nope, that is not what Intel needs. Intel needs to execute its roadmap on schedule and deliver better products to the market while getting the IDF on track and heading towards profitability.

Yeah, they don't need a quick turnaround, because it won't be based on sound fundamentals. What they need is someone investors have faith in, and are willing to back for long enough that IDF gets on a sustainable path.

 

[bit_user]

It's just a matter of what he'll prioritise, to which I'd imagine he'll chop and streamline things.

Let's see if he chops & streamlines their dGPUs out of existence. I think Gelsinger didn't leave a whole lot of chopping & streamlining unexploited.

 

[acadia11]

Intel is like the Dallas Cowboys of the semiconductor industry. Unless this a “cultural” move … why the… would you hire anyone who had anything to do with Intels demise over the last 10 years? The arrogance is palpable …