News Intel co-CEO David Zisner says 'core strategy remains intact' — Intel will continue to be a products and foundry company

[Admin]

Despite CEO change, Intel's board of directors still thinks that Intel may be a leading developer of CPUs and GPUs as well as a foundry.

Intel co-CEO David Zisner says 'core strategy remains intact' — Intel will continue to be a products and foundry company : Read more

 

[EzzyB]

Apparently, the BoD was not particularly happy with product delays in general and the failure to get into the AI game in particular.

And there you go. Everyone is AI crazy and from Intel we got this recently. So, not chips, not foundry, but AI.

 

[User of Computers]

And there you go. Everyone is AI crazy and from Intel we got this recently. So, not chips, not foundry, but AI.

People will pay billions for Nvidia's technology. As much as it may be a bubble, they still lost out on significant market share and money because of their generally uncompetitive products.

 

[Jimbojan]

Intel board should be fired, not Gelsinger.

 

[thestryker]

I wonder what the board was expecting from the product side that Gelsinger is to blame for. All of the strategies in client and AI were set before he even stepped in the door. Of course given how ignorant of how the business works some recent board members are it could just be unrealistic expectations.

Just a note on the Reuters article linked as a source in this article:

Intel's foundry business, which was at the center of Gelsinger's turnaround plan, will also start to see better margins by the next year, mostly influenced by its Lunar Lake processors, Zinsner said.

I found a transcript of the Q&A and he said no such thing so this is unfortunately shoddy reporting which seems to be happening more.

 

[Notton]

I don't think there was a single thing Gelsinger could have done to jump in on the AI bandwagon, and it was unreasonable of the BoD.

Gelsinger was CEO starting on 2021-Feb-15.

Arc launched in 2022, just when AI was starting to catch on.
And this was on the heels of the NFT scams, which itself was on the heels of GPU mining for crypto.
Arc had poor driver support at the time, and it suffered a major blow due to their global nature.
So, no viable GPU to repurpose for AI stuff.

Intel fabs are proprietary, so not viable for producing AI chips for other companies without a major rework.

The entire lineup of CPUs, that's laptops, desktops, and servers, needed an overhaul. The last guy in charge did a bang up job of wasting time and resources.

Intel managed to pump out a 40TOPS consumer NPU in the same year, 2024, as everyone else in the market did.

I wouldn't be surprised if this decision ends up sealing the fate of Intel.